American Eagle Outfitters Raises Dividend

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American Eagle Outfitters investors are flying higher thanks to the lift of an increased dividend. The company has declared its first quarterly distribution of calendar 2013, which is to be $0.125 per share and will be handed out on July 12 to shareholders of record as of July 1. That amount tops the firm's previous distribution by $0.015, or 14%.

In the press release announcing the move, the company pointed out that the just-declared dividend is its 36th consecutive quarterly payout.

The new distribution annualizes to $0.50 per share. That yields 2.5% at American Eagle Outfitters' most recent closing stock price of $19.76.

The article American Eagle Outfitters Raises Dividend originally appeared on

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