Macy's (NYSE: M) reinstated a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on October 1, 2021, to stockholders of record on September 15, 2021, with an ex-dividend date of September 14, 2021.

The annual yield on the dividend is 3.3 percent.

The company’s board of directors has authorized a $500 million share repurchase program.

For a dividend history and other dividend-related data on Macy's (M) click here.