Department store operator Nordstromwill pay a second-quarter dividend of $0.30 per share, the same rate it paid last quarter after it increased it 11% from $0.27 per share, the company announced yesterday.
The board of directors said the quarterly dividend is payable on June 17 to the holders of record at the close of business on May 31. Nordstrom has been increasing its payout at least once per year since 2010.
The regular dividend payment equates to a $1.20-per-share annual dividend yielding 2% based on the closing price of Nordstrom's stock on May 14.
The article Nordstrom Declares $0.30 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.