Macy's (M) Raises Quarterly Dividend 5% to $0.1575; Announces New $2B Buyback
Macy's (NYSE: M) declared a quarterly dividend of $0.1575 per share, or $0.63 annualized. This is a 5% increase from the prior dividend of $0.15. The dividend will be payable on April 1, 2022, to stockholders of record on March 15, 2022, with an ex-dividend date of March 14, 2022. The annual yield on the dividend is 2.5 percent.
The company successfully completed its $500 million share repurchase program in the fourth quarter of 2021, and in total repurchased approximately 20.5 million shares during the year. The company’s board of directors has authorized a new, open-ended $2 billion share repurchase program.
For a dividend history and other dividend-related data on Macy's (M) click here.