Updating WESTERN UNION CO., TENNANT CO., TIM HORTONS INC. and LIZ CLAIBORNE INC.

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WESTERN UNION CO. $18 has raised its dividend by 500%. The new annual rate of $0.24 yields 1.3%. The money-transfer specialist will also buy back $1 billion of its shares over the next three years. That’s equal to 8% of its market cap. Best Buy. TENNANT CO. $25 has increased its dividend by 7.7%. The new annual rate of $0.56 yields 2.2%. However, it needs a sustained economic recovery to spur sales of its cleaning equipment. Hold. TIM HORTONS INC. $29 has opened a coffee-and-donut shop at Naval Station Norfolk, the world’s largest naval base, located in Norfolk, Virginia. The new store broadens Tim Hortons’ connection with the military, and continues its U.S. expansion. Tim Hortons has around 3,000 locations in Canada, and over 500 in the U.S. Buy. LIZ CLAIBORNE INC. $5.22 has sold its 38 “Liz Claiborne” stores in Canada for an undisclosed sum. The company will continue to sell Liz Claiborne-branded clothing and accessories in Canada through department stores…