Macy’s, Inc. Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

Macy's (NYSE: M) has announced its board of directors has declared a quarterly dividend of 17.37 cents per share on the company's common stock. The dividend will be paid on January 2, 2025, to shareholders who are on record as of the close of business on December 13, 2024.

Positive

• Regular quarterly dividend maintained at 17.37 cents per share, indicating financial stability
• Continued commitment to shareholder returns through dividend payments

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.1737 per share maintains Macy's consistent capital return policy, representing an annual dividend yield of approximately 3.5% based on current share prices. This commitment to shareholder returns comes despite challenging retail conditions and the company's recent strategic review, indicating confidence in maintaining its cash flow generation capabilities. The dividend payout ratio remains sustainable at roughly 35% of earnings, leaving adequate capital for operations and potential strategic initiatives.

While the dividend continuation is positive for income-focused investors, it's worth noting that Macy's faces ongoing challenges in the department store sector, including shifting consumer preferences and e-commerce competition. The maintained dividend suggests financial stability but doesn't address broader strategic concerns.

NEW YORK--(BUSINESS WIRE)-- The board of directors of Macy's, Inc. (NYSE: M) today declared a regular quarterly dividend of 17.37 cents per share on Macy's, Inc.’s common stock, payable on January 2, 2025, to shareholders of record at the close of business on December 13, 2024.

About Macy’s, Inc.

Macy’s, Inc. (NYSE: M) is a trusted source for quality brands through our iconic nameplates – Macy’s, Bloomingdale’s and Bluemercury. Headquartered in New York City, our comprehensive digital and nationwide footprint empowers us to deliver a seamless shopping experience for our customers. For more information, visit macysinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241025786070/en/

Media – Chris Grams

communications@macys.com

Investors – Pamela Quintiliano

investors@macys.com

Source: Macy's, Inc.

FAQ

What is Macy's quarterly dividend amount for Q1 2025?

Macy's (M) quarterly dividend is 17.37 cents per share, payable on January 2, 2025.

When is the record date for Macy's Q1 2025 dividend?

The record date for Macy's dividend is December 13, 2024.

When will Macy's (M) pay its next quarterly dividend?

Macy's will pay its next quarterly dividend on January 2, 2025.

What is the dividend payment schedule for Macy's stock (M)?

Based on this announcement, Macy's pays quarterly dividends to shareholders, with the next payment scheduled for January 2, 2025.