Nordstrom Announces the Resumption of Quarterly Dividend

Rhea-AI Summary

Nordstrom, Inc. (NYSE: JWN) has reinstated its quarterly dividend at 19 cents per share. The dividend will be payable on April 13, 2022, to shareholders on record by March 28, 2022. This decision reflects the company's commitment to returning value to its shareholders following its operational strategies to enhance customer experience through both in-store and digital platforms.

Positive

• Reinstatement of quarterly dividend at 19 cents per share, signaling financial stability and shareholder return.

Negative

• None.

SEATTLE, March 16, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today that it is reinstating a quarterly dividend. The Company's board of directors approved a quarterly dividend of 19 cents per share payable on April 13, 2022, to shareholders of record at the close of business on March 28, 2022.

ABOUT NORDSTROM

At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our digital-first platform enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it. 

INVESTOR CONTACT:		Heather Hollander
		Nordstrom, Inc.
		InvRelations@Nordstrom.com
MEDIA CONTACT:		Stephanie Corzett
		Nordstrom, Inc.
		NordstromPR@Nordstrom.com

 

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SOURCE Nordstrom, Inc.

FAQ

What is the dividend amount for JWN and when will it be paid?

The dividend amount for JWN is 19 cents per share, payable on April 13, 2022.

Who is eligible for the JWN dividend?

Shareholders of record at the close of business on March 28, 2022, are eligible for the JWN dividend.

When was the dividend for JWN announced?

The dividend for JWN was announced on March 16, 2022.

Is the dividend for JWN sustainable?

The reinstatement of the dividend suggests a level of financial stability, but ongoing performance will determine sustainability.