Athletic wear retailer Foot Locker will pay a second-quarter dividend of $0.20 per share, the same rate it paid last quarter after it increased it 11% from $0.18 per share, the company announced yesterday.
The board of directors said the quarterly dividend is payable on Aug. 2 to the holders of record at the close of business on July 19. Foot Locker has paid a dividend since at least 2003 and has increased its annual payout for each of the last three years.
The regular dividend payment equates to a $0.80-per-share annual dividend yielding 2.2% based on the closing price of Foot Locker's stock on May 15.
The article Foot Locker Sending Shareholders $0.20-per-Share Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.