Foot Locker (FL) Raises Quarterly Dividend 12.7% to $0.31; Approves $1.2B Buyback
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Foot Locker, Inc. Announces 2017 Capital Allocation Plans
February 15, 2017 4:45 PM ESTNEW YORK, Feb. 15, 2017 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that its Board of Directors has authorized three capital allocation initiatives that meaningfully enhance shareholder returns while also sustaining a strong level of investment in its business as it works to attain its long-term financial goals. First, the Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.31 per share, which will be payable on April 28, 2017 to shareholders of record on April 13, 2017. This dividend declaration represents a 13 percent increase... More
