Dick’s Sporting Goods Inc.’s board of directors of authorized and declared a quarterly dividend of 17 cents per share on the company’s common stock and class B common stock.

The dividend is payable in cash on March 31, 2017, to stockholders of record at the close of business on March 10, 2017. This dividend represents an increase of approximately 12 percent over the company’s previous quarterly per share amount and is equivalent to an annualized rate of 68 cents per share.

Photo courtesy Dick’s Sporting Goods