Williams-Sonoma, Inc. announces an 11% quarterly dividend increase, a new $1 billion stock repurchase authorization, and the early repayment of its $300 million Term Loan

Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has authorized a $0.06, or an 11.3% increase in the company’s quarterly cash dividend to $0.59 per share, payable on May 28, 2021 to stockholders of record as of the close of business on April 23, 2021. The Board of Directors also approved a new $1 billion share repurchase authorization, which supersedes the remaining outstanding under the company’s current share repurchase authorization. Additionally, given the strength of the company’s liquidity position with over $1.2 billion in cash at the end of FY2020, the company has repaid early in full its $300 million Term Loan, eliminating all funded debt as of February 26, 2021.... Read more

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