Williams-Sonoma (WSM) Raises Quarterly Dividend 5.7% to $0.37 and Approves $500M Buyback

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Go back to Williams-Sonoma (WSM) Raises Quarterly Dividend 5.7% to $0.37 and Approves $500M Buyback

Williams-Sonoma, Inc. announces $500 million stock repurchase authorization and 6% dividend increase

March 16, 2016 4:15 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has authorized a new $500 million stock repurchase program that the company intends to execute over the next three years and a 6% increase in the companys quarterly cash dividend to $0.37 per share. The quarterly dividend is payable on May 27, 2016 to stockholders of record as of the close of business on April 29, 2016.

Laura Alber, President and Chief Executive Officer, remarked, The new stock repurchase authorization, along with our decision to increase the quarterly dividend, underscores our commitment to return... More