American Eagle Outfitters (AEO 2.75%) investors are flying higher thanks to the lift of an increased dividend. The company has declared its first quarterly distribution of calendar 2013, which is to be $0.125 per share and will be handed out on July 12 to shareholders of record as of July 1. That amount tops the firm's previous distribution by $0.015, or 14%.
In the press release announcing the move, the company pointed out that the just-declared dividend is its 36th consecutive quarterly payout.
The new distribution annualizes to $0.50 per share. That yields 2.5% at American Eagle Outfitters' most recent closing stock price of $19.76.
