This morning, Macy's (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 (MORN) maintained its quarterly dividend of 17 cents per share. And Cliffs Natural Resources (CLF) maintained its quarterly dividend of 15 cents per share.
Among dividend increases, American Express (AXP) announced its quarterly dividend of 26 cents per share, an increase of about 13% over its prior dividend. And Anadarko Petroleum (APC) announced its quarterly dividend of 27 cents per share, an increase of 50%.
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