Nordstrom Keeping Dividend Steady
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%.
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