Macy's Increases Quarterly Dividend 5%, From $0.1654 To $0.1737
Portfolio Pulse from Benzinga Newsdesk
Macy's, Inc. (NYSE:M) has announced a 5% increase in its quarterly dividend, raising it from $0.1654 to $0.1737 per share. This new dividend rate is payable on April 1, 2024, to shareholders of record as of March 15, 2024.
February 23, 2024 | 6:03 pm
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Macy's has increased its quarterly dividend by 5%, from $0.1654 to $0.1737 per share, effective April 1, 2024.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Macy's decision to increase its dividend could lead to a positive short-term impact on its stock price as it may attract dividend investors and signal financial stability.
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IMPORTANCE 80
RELEVANCE 100