Macy’s announces quarterly dividend of 37.75 cents

The Macy’s board of directors has declared a regular quarterly dividend of 37.75 cents per share on Macy's common stock, payable July 2, 2018, to shareholders of record at the close of business on June 15, 2018.

Macy's, Inc’s earnings per diluted share of 0.45 dollar or 0.48 dollar excluding impairment and other costs compared to 0.26 dollar per share in the first quarter of 2017 for both reported and adjusted diluted earnings per share. The company reported comparable sales on an owned basis were up 3.9 percent and on an owned plus licensed basis, comparable sales were up 4.2 percent, while net sales totalled 5.541 billion dollars, an increase of 3.6 percent.