Nordstrom (JWN) Authorizes $500M Stock Buyback; Declares $0.20 Quarterly Dividend; 2.6% Yield
Nordstrom, Inc. (NYSE: JWN) announced today that its board of directors has authorized a repurchase program of up to $500 million of the Company's outstanding common stock, through January 28, 2012.
Nordstrom also announced today that its board of directors has approved a quarterly dividend of $0.20 per share, $0.80 annualized.
The dividend is payable on September 15, 2010, to shareholders of record on August 31, 2010. The ex-dividend date is August 27, 2010.
Yield on the dividend is 2.6%.... Read more
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