This morning, Macy's (M) declared its quarterly dividend of 10 cents per share, doubling the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 1.4% going forward.
Shares of Macy's were sharply higher on Wednesday, gaining 9.5% on the news.
In other dividend news, 3M Company (MMM) maintained its quarterly dividend of 55 cents per share. Cummins (CMI) maintained its quarterly dividend of 26.25 cents per share. Brookfield Asset Management (BAM) maintained its quarterly dividend of 13 cents per share. And ITT Corporation (ITT) maintained its quarterly dividend of 25 cents per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.