Shares of Dick's Sporting Goods (NYSE: DKS) were moving higher today after the sporting goods retailer posted better-than-expected results in its fourth-quarter earnings report, as well as raised its dividend by 10%.

The update showed that Dick's was continuing to execute during a challenging time for discretionary retailers as well as sporting goods peers like Foot Locker.

As of 2:12 p.m. ET, the stock was up 15.6%.

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Source Fool.com