Foot Locker, Inc. Declares Quarterly Dividend Of $0.30 Per Share, A 50% Increase

Rhea-AI Summary

Foot Locker, Inc. (NYSE: FL) announced a quarterly cash dividend of $0.30 per share, marking a 50% increase from the previous $0.20. The dividend will be paid on October 29, 2021 to shareholders of record by October 15, 2021. This decision reflects the company's commitment to returning value to shareholders while investing in growth opportunities.

Foot Locker operates around 3,000 stores across 27 countries, focusing on youth culture and self-expression through its extensive portfolio of brands.

Positive

• Quarterly dividend increased to $0.30 per share, demonstrating commitment to shareholder returns.
• Company continues to fund significant investments in strategic growth opportunities.

Negative

• None.

NEW YORK, Aug. 16, 2021 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.30 per share, an increase of $0.10 per share or 50%, which will be payable on October 29, 2021 to shareholders of record on October 15, 2021.

"We are announcing a significant increase to our quarterly dividend payment, which is a reflection of our continued focus on delivering meaningful returns of cash to our shareholders, while at the same time funding significant investments in strategic growth opportunities," said Richard Johnson, Chairman and Chief Executive Officer.

Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, and Sidestep. With approximately 3,000 retail stores in 27 countries across North America, Europe, Asia, Australia, and New Zealand as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York. For additional information please visit https://www.footlocker-inc.com.

Contact:
James R. Lance
Vice President,
Corporate Finance and
Investor Relations
jlance@footlocker.com
(212) 720-4600

View original content:https://www.prnewswire.com/news-releases/foot-locker-inc-declares-quarterly-dividend-of-0-30-per-share-a-50-increase-301356272.html

SOURCE Foot Locker, Inc.

FAQ

What is Foot Locker's dividend amount for the upcoming payment?

Foot Locker's upcoming dividend amount is $0.30 per share.

When will Foot Locker pay its next dividend?

Foot Locker's next dividend will be paid on October 29, 2021.

What is the record date for Foot Locker's dividend payment?

The record date for Foot Locker's dividend payment is October 15, 2021.

How much has Foot Locker increased its dividend?

Foot Locker has increased its dividend by 50%, from $0.20 to $0.30 per share.