Dicks Sporting Goods, Inc. (DKS) Declares $2.00 Special Dividend; 3.9% Yield

December 5, 2012 4:18 PM EST
Dicks Sporting Goods, Inc. (NYSE: DKS) declared a special dividend of $2.00 per share.

The dividend will be payable on December 28, 2012, to stockholders of record on December 17, 2012.

The annual yield on the dividend is 3.9 percent.

"This additional return of approximately $254 million in cash to our shareholders demonstrates the strength of our balance sheet, the health of our business and a commitment to efficiently deploy our strong cash generation," said Edward W. Stack, Chairman and CEO. "We also remain firmly committed to investing in the profitable growth of our business and we will have ample capacity to do so even after payment of this dividend."

For a dividend history and other dividend-related data on Dicks Sporting Goods, Inc. (DKS) click here.

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