Dick's Sporting Goods reports 32 percent rise in quarterly dividend

The board of directors of Dick’s Sporting Goods, Inc. has authorized and declared a quarterly dividend of 0.225 dollar per share on the company's Common Stock and Class B Common Stock, payable in cash on March 30, 2018, to stockholders of record at the close of business on March 9, 2018. This dividend represents an increase of approximately 32 percent over the company's previous quarterly per share amount and is equivalent to an annualized rate of 0.90 dollar 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 in a statement, adding, "We remain firmly committed to investing in the profitable growth of our business and returning capital to our shareholders."

Picture:Facebook/Dick's Sporting Goods

 

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