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

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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.

Macy's (NYSE: M) ha annunciato che il suo consiglio di amministrazione ha dichiarato un dividendo trimestrale di 17,37 centesimi per azione sul comune delle azioni della società. Il dividendo sarà pagato il 2 gennaio 2025 agli azionisti registrati alla chiusura degli affari del 13 dicembre 2024.

Macy's (NYSE: M) ha anunciado que su junta directiva ha declarado un dividendo trimestral de 17,37 centavos por acción sobre las acciones ordinarias de la compañía. El dividendo se pagará el 2 de enero de 2025 a los accionistas que estén registrados al cierre de operaciones del 13 de diciembre de 2024.

메이시스 (NYSE: M)는 이사회가 회사의 보통주에 대해 주당 17.37센트의 분기 배당금을 선언했다고 발표했습니다. 배당금은 2025년 1월 2일에 지급될 예정이며, 2024년 12월 13일 영업 종료 시점에 주주로 등록된 사람들에게 지급됩니다.

Macy's (NYSE: M) a annoncé que son conseil d'administration a déclaré un dividende trimestriel de 17,37 cents par action sur les actions ordinaires de la société. Le dividende sera versé le 2 janvier 2025 aux actionnaires qui sont enregistrés à la clôture des affaires le 13 décembre 2024.

Macy's (NYSE: M) hat bekannt gegeben, dass der Vorstand eine quartalsweise Dividende von 17,37 Cent pro Aktie auf die Stammaktien des Unternehmens erklärt hat. Die Dividende wird am 2. Januar 2025 an Aktionäre ausgezahlt, die zum Ende des Geschäftstags am 13. Dezember 2024 registriert sind.

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

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.

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.

Macy's Inc.

NYSE:M

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4.23B
277.37M
0.69%
78.55%
5.24%
Department Stores
Retail-department Stores
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United States of America
NEW YORK