American Eagle Outfitters Raises Dividend

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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