Foot Locker (FL) Raises Quarterly Dividend 10.1% to $0.38; $1.2B Buyback

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Foot Locker, Inc. Announces 2019 Capital Allocation Plans

February 20, 2019 4:03 PM EST

NEW YORK, Feb. 20, 2019 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that its Board of Directors authorized three capital allocation initiatives to both sustain meaningful investment in the business and reward long-term shareholders.  First, its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.38 per share, which will be payable on May 3, 2019 to shareholders of record on April 18, 2019. The 10 percent increase in the dividend is the ninth consecutive year with a dividend increase in the double-digit percent range... More