American Eagle Outfitters (AEO) Raises Quarterly Dividend 30.9% to $0.18; 2.2% Yield

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American Eagle Outfitters Announces 31% Dividend Increase Reflecting Strength in the Business, Financial Health and Confidence in Delivering Consistent Long-Term Growth

June 3, 2021 5:00 PM EDT

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of American Eagle Outfitters, Inc. (NYSE: AEO) today approved a 31% increase in the quarterly cash dividend to $0.18 per share.

The quarterly dividend is equivalent to an annual dividend of $0.72 per share, up from $0.55 per share previously. The second quarter dividend is payable on July 23, 2021 to stockholders of record at the close of business on July 9, 2021.

I am pleased to announce a material increase to our dividend today. Following a record first quarter result, the increase reflects our confidence in the growth potential of... More