Athletic-shoe retailer Finish Line (NASDAQ:FINL) announced today its third-quarter dividend of $0.07 per share, the same rate it's paid for the past three quarters after raising the payout 17% from $0.06 per share.
The board of directors said the quarterly dividend is payable on Dec. 16 to the holders of record at the close of business on Nov. 29. The regular dividend payment equates to a $0.28-per-share annual dividend, yielding 1.2% based on the closing price today of Finish Line's stock.
Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Why Foot Locker Stock Dove 34% in 2017
Sales growth turned sharply negative, but the retailer sees hope for a brighter year ahead.
Why Foot Locker Stock Soared 42% in November
The retailer announced better-than-expected third quarter results but still has big challenges to face.
3 Best-Performing Stocks in November
The biggest gainers in the S&P 500 last month were all beaten-down retailers.