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

Rhea-AI Summary

The board of directors of Macy's, Inc. has declared a quarterly dividend of 16.54 cents per share, marking a 5% increase. This dividend is payable on April 3, 2023, to shareholders on record as of March 15, 2023. This decision reflects the company’s commitment to returning value to its shareholders, showcasing confidence in its ongoing operations and financial stability.

For further information on Macy's operations, visit macysinc.com.

Positive

• Quarterly dividend of 16.54 cents per share declared.
• 5% increase in dividend reflects company confidence.
• Dividend payment date set for April 3, 2023.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The board of directors of Macy's, Inc. today declared a regular quarterly dividend of 16.54 cents per share on Macy's, Inc.’s common stock, an increase of 5%, payable April 3, 2023, to shareholders of record at the close of business on March 15, 2023.

About Macy’s, Inc.

At Macy’s, Inc. (NYSE: M), we are a trusted source for quality brands at great values from off-price to luxury. Across our iconic nameplates, including Macy’s, Bloomingdale’s and Bluemercury, we help our customers express their unique style and celebrate special moments, big and small. Headquartered in New York City, we operate one of retail’s largest e-commerce businesses integrated with a nationwide footprint to deliver the most convenient and seamless shopping experience. Our purpose is to create a brighter future with bold representation – so we can realize the full potential of every one of us. For more information, visit macysinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230224005318/en/

Media – Chris Grams

communications@macys.com

Investors – Pamela Quintiliano

investors@macys.com

Source: Macy’s, Inc.

FAQ

What is the recent dividend declared by Macy's (M)?

Macy's has declared a quarterly dividend of 16.54 cents per share.

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

The next dividend payment for Macy's will be made on April 3, 2023.

What is the record date for Macy's (M) dividend?

The record date for Macy's dividend is March 15, 2023.

How much has Macy's (M) increased its dividend?

Macy's has increased its dividend by 5%.