Macy's (M) Declares $0.36 Quarterly Dividend; 3.4% Yield

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Go back to Macy's (M) Declares $0.36 Quarterly Dividend; 3.4% Yield

Macy’s, Inc. Increases Share Repurchase Authorization by $1.5 Billion, Declares Regular April Dividend and Announces Intent to Increase July Dividend

February 26, 2016 10:40 AM EST

CINCINNATI--(BUSINESS WIRE)-- Macys, Inc.s (NYSE: M) board of directors today announced actions to enhance the companys shareholder returns through an increase of $1.5 billion in share repurchase authorization and its intent to increase the July dividend by 5 percent. The company also is declaring a regular April dividend.

Our company continues to generate significant cash flow. We are committed to enhancing shareholder value, in part, through dividends and share repurchases while simultaneously returning our leverage ratio to within our targeted range of 2.5 to 2.8, said Terry J. Lundgren, chairman and chief executive officer of Macys,... More