Williams-Sonoma, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Williams-Sonoma (NYSE: WSM) announced that its Board of Directors has declared a quarterly cash dividend of $1.14 per share for common stockholders of record on July 19, 2024. The dividend will be paid on August 23, 2024. Following a stock split announcement, the dividend will be adjusted to $0.57 per share post-split. Williams-Sonoma is a leading digital-first and sustainable home retailer, managing brands like Pottery Barn, West Elm, and Rejuvenation. The company operates in the U.S., Canada, and other international locations.

Positive

• Quarterly cash dividend of $1.14 per share shows financial stability.
• Dividend adjusted to $0.57 per share post-split enhances affordability and market liquidity.
• Operational presence in numerous countries strengthens global market reach.
• Commitment to sustainability aligns with current market trends and consumer preferences.

Negative

• Stock split could lead to perceived dilution of share value.
• Dividend adjustment might be seen as a reduction in payout per share.
• Potential risks associated with international operations and currency fluctuations.

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has declared a quarterly cash dividend of $1.14 per share of common stock.

Each stockholder of record on July 19, 2024 will be paid the cash dividend on August 23, 2024. As a result of the company’s stock split also announced today, the cash dividend will be adjusted from $1.14 per share to $0.57 per share of common stock on a post-split basis prior to payment.

ABOUT WILLIAMS-SONOMA, INC.

Williams-Sonoma, Inc. is the world’s largest digital-first, design-led and sustainable home retailer. The company’s products, representing distinct merchandise strategies — Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, Mark and Graham and GreenRow — are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, our loyalty and credit card program that offers members exclusive benefits across the Williams-Sonoma family of brands. We operate in the U.S., Puerto Rico, Canada, Australia, and the United Kingdom, offer international shipping to customers worldwide, and have unaffiliated franchisees that operate stores in the Middle East, the Philippines, Mexico, South Korea, and India, as well as e-commerce websites in certain locations. We are also proud to be a leader in our industry with our values-based culture and commitment to achieving our sustainability goals. Our company is Good By Design — we’ve deeply ingrained sustainability into our business. From our factories to your home, we’re united in a shared purpose to care for our people and our planet.

For more information on our sustainability efforts, please visit: https://sustainability.williams-sonomainc.com

WSM-DIV

View source version on businesswire.com: https://www.businesswire.com/news/home/20240613021908/en/

Jeff Howie

EVP, Chief Financial Officer

(415) 402-4324

-or-

Jeremy Brooks

SVP, Chief Accounting Officer

Investor Relations

(415) 733-2371

Source: Williams-Sonoma, Inc.

FAQ

What dividend did Williams-Sonoma (WSM) declare?

Williams-Sonoma declared a quarterly cash dividend of $1.14 per share.

What is the record date for Williams-Sonoma's (WSM) dividend?

The record date for the dividend is July 19, 2024.

When will Williams-Sonoma (WSM) pay its next dividend?

Williams-Sonoma will pay the dividend on August 23, 2024.

What is the post-split dividend per share for Williams-Sonoma (WSM)?

The post-split dividend will be $0.57 per share.

In which countries does Williams-Sonoma (WSM) operate?

Williams-Sonoma operates in the U.S., Canada, Puerto Rico, Australia, the UK, and several other countries.