Nordstrom this week announced plans to keep its dividend steady this quarter at $0.30 per share of common stock. This is the same amount the fashion retailer has paid its investors since March, after increasing its payout 11%, from $0.27.
The new dividend will be payable on Sept. 16 to Nordstrom shareholders of record as of Sept. 3. Annualized, Nordstrom's dividend comes to $1.20 per share. The company's stock was trading at $56.75 per share as of the market's close on Aug. 21, which means its current dividend yields approximately 2.1%.
The article Nordstrom Keeping Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett 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.