Department store operator Nordstrom(NYSE:JWN) will pay a second-quarter dividend of $0.30 per share, the same rate it paid last quarter after it increased it 11% from $0.27 per share, the company announced yesterday.
The board of directors said the quarterly dividend is payable on June 17 to the holders of record at the close of business on May 31. Nordstrom has been increasing its payout at least once per year since 2010.
The regular dividend payment equates to a $1.20-per-share annual dividend yielding 2% based on the closing price of Nordstrom's stock on May 14.
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