This morning, Macy's (NYSE:M) declared its quarterly dividend of 31.25 cents per share, an increase of about 25% over its prior dividend. Based on the current stock price, investors can expect a yield of about 2.2% going forward. Shares of Macy's were higher on Wednesday, climbing 0.5% today.
In other dividend news, Morningstar (NASDAQ:MORN) maintained its quarterly dividend of 17 cents per share. And Cliffs Natural Resources (NYSE:CLF) maintained its quarterly dividend of 15 cents per share.
Among dividend increases, American Express (NYSE:AXP) announced its quarterly dividend of 26 cents per share, an increase of about 13% over its prior dividend. And Anadarko Petroleum (NYSE:APC) announced its quarterly dividend of 27 cents per share, an increase of 50%.
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