Macy's (M) Declares $0.36 Quarterly Dividend; 3.4% Yield
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Macy's (M) Adds $1.5B to Stock Buyback Program; Announces Dividend Hike
February 26, 2016 10:41 AM ESTMacys, Inc.s (NYSE: M) board of directors announced actions to enhance the companys shareholder returns through an increase of $1.5 billion in share repurchase authorization and its intent to increase the July dividend by 5 percent. The company also is declaring a regular April dividend.
Our company continues to generate significant cash flow. We are committed to enhancing shareholder value, in part, through dividends and share repurchases while simultaneously... More
J.C. Penney results bright spot amid retail gloom
February 25, 2016 10:26 PM ESTBy Sruthi Ramakrishnan
(Reuters) - U.S. department store operator J.C. Penney Co Inc (NYSE: JCP) said it expects to post its first annual profit in five years in 2016 and reported a bigger-than-expected profit for the fourth quarter due to strong holiday sales and fewer discounts.
J.C. Penney's shares jumped 15.4 percent to touch a four-month high of $9.65 in early trading on Friday.
The company's results were one of the few bright spots in the retail industry that has been struggling for some time to cope with a pullback in... More
