Foot Locker (FL) Raises Quarterly Dividend 10% to $0.275; 1.6% Yield

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Go back to Foot Locker (FL) Raises Quarterly Dividend 10% to $0.275; 1.6% Yield

Foot Locker, Inc. Announces 2016 Capital Allocation Plans

February 17, 2016 4:15 PM EST

NEW YORK, Feb. 17, 2016 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today announced that its Board of Directors had authorized two capital allocation initiatives that together elevate investment in its business operations and provide additional returns to shareholders.

First, the Board of Directors approved a $297 million capital expenditure program for 2016, a significant increase over the approximately $225 million the Company spent in 2015.  The Company will continue to invest in a variety of strategic growth initiatives, including the ongoing rollout of remodel programs across its banners, additional... More