Target raised its dividend by 20% on Thursday, as the retailer looks to keep income investors interested in the recently struggling stock by keeping a steady track record of increases. pay. Like Target, there are other elite stocks that grow their dividends consistently and easily and also beat the market over the long term. CNBC Pro screened the S&P 500 using the following criteria: Annual dividend growth of 7% or more (as good as, or better than Target) 5 year total annual return better than return S&P 500’s 11% dividend yield at least 2% Dividend payout ratio less than 50% (Amount of earnings paid out as dividends) So in a nutshell, these stocks increase their payout ratio a lot over time, they beat the market for a long time and they can easily pay dividends. These are the people who made the cuts: Along with Target, Warren Buffett loves HP Inc. cuts have been made. They are joined by a lot of financiers including JPMorgan Chase and Morgan Stanley. Two industrial companies with steady cash flows were also shortlisted by Union Pacific Railroad and Lockheed Martin Defense Securities. Despite Target’s recent profit warning that has sent the stock down more than 30% this year, the retailer remains at the top of the list for long-term returns. Target stock has grown 26% year-over-year over the past five years, more than double the market and the leaders in this group.