Macy’s declares quarterly dividend of 37.75 cents per share

The board of directors of Macy's, Inc. has declared a regular quarterly dividend of 37.75 cents per share on Macy's, Inc.’s common stock, payable April 1, 2019, to shareholders of record at the close of business on March 15, 2019.

Downgrading its full year outlook in January this year, the company said, it now expects comparable sales on owned plus licensed basis to increase by approximately 2 percent against previous outlook of increase between 2.3 percent to 2.5 percent, net sales to remain flat compared to previous guidance of an increase between 0.3 percent to 0.7 percent, gross margin rate to be down slightly and diluted EPS excluding settlement charges, impairment and other costs are expected to range between 3.95 to 4 dollars compared to previous outlook of between 4.10 to 4.30 dollars.

Macy’s operates approximately 690 department stores under Macy’s and Bloomingdale’s, and more than 160 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, Macy’s Backstage and Story, in 44 states, the District of Columbia, Guam and Puerto Rico. Additionally, Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC, under license agreements.

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