Dick’s Sporting Goods’ board of directors authorized and declared a quarterly dividend of $0.275 per share on the company’s common stock and Class B common stock.

The dividend is payable in cash on March 29, 2019, to stockholders of record at the close of business on March 15, 2019. This dividend represents an increase of approximately 22 percent over the company’s previous quarterly per share amount and is equivalent to an annualized rate of $1.10 per share. The company intends to announce future quarterly dividends in conjunction with its quarterly and year-end earnings releases.