Williams-Sonoma (WSM) Announces $1.5B Share Buyback, Hikes Dividend to $0.78

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Go back to Williams-Sonoma (WSM) Announces $1.5B Share Buyback, Hikes Dividend to $0.78

Williams-Sonoma, Inc. announces a 10% quarterly dividend increase and a new $1.5 billion stock repurchase authorization

March 16, 2022 4:16 PM EDT

 

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has authorized a 10% increase in the companys quarterly cash dividend to $0.78 per share. The quarterly dividend is payable on May 27, 2022, to stockholders of record as of the close of business on April 22, 2022. The Board of Directors also approved a new $1.5 billion stock repurchase authorization, which supersedes the approximately $750 million that remains outstanding under the companys current stock repurchase authorization.

Our impressive finish to fiscal 2021, our strong liquidity position, and our operating cash... More