Dick’s Sporting Goods said its board of directors authorized an increase in its quarterly dividend by 32 percent.
The quarter dividend increases to $0.225 per share on the company’s Common Stock and Class B Common Stock. The dividend is payable in cash on March 30, 2018, to stockholders of record at the close of business on March 9, 2018. The dividend equates to an annualized rate of 90 cents per share.
“The significant increase in our dividend demonstrates the strength of our balance sheet and the confidence we have in our company’s future,” said Edward W. Stack, chairman and CEO. “We remain firmly committed to investing in the profitable growth of our business and returning capital to our shareholders.”
Photo courtesy Dick’s Sporting Goods
