Macy's (M) Posts Q1 EPS of 55c; Comps Up 3.8%; Boosts Dividend 25%, Raises Buyback

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Northcoast Research Downgrades Macy's (M) to Neutral

May 15, 2013 2:48 PM EDT

Northcoast Research downgraded Macy's (NYSE: M) from Buy to Neutral.

For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.

Shares of Macy's closed at $47.39 yesterday, with a 52 week range of $32.31-$47.23.... More

Macy's (M) Adds $1.5B to Buyback Plan

May 15, 2013 8:03 AM EDT

Macy's (NYSE: M) has increased the companys share repurchase authorization by $1.5 billion. This brings the remaining authorization outstanding, as of the end of the first quarter on May 4, 2013, after giving effect to this increase, to approximately $2.6 billion, which the company can use to... More

Macys (M) Declares $0.25 Quarterly Dividend; 2.1% Yield

May 15, 2013 8:03 AM EDT

Macys (NYSE: M) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 0% increase from the prior dividend of $0.0.

The dividend will be payable on July 1, 2013, to stockholders of record on June 14, 2013, with an ex-dividend date of June 12, 2013.
... More