Foot Locker Inc. announced that its Board of Directors declared a quarterly cash dividend on the company’s common stock of 30 cents per share, an increase of 10 cents per share or 50 percent, which will be payable on October 29, 2021 to shareholders of record on October 15, 2021.

“We are announcing a significant increase to our quarterly dividend payment, which is a reflection of our continued focus on delivering meaningful returns of cash to our shareholders, while at the same time funding significant investments in strategic growth opportunities,” said Richard Johnson, chairman and chief executive officer.

Photo courtesy Foot Locker