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Nordstrom, Inc. Authorizes $800 Million Share Repurchase Program And Increases Regular Quarterly Dividend
Nordstrom, Inc. announced that its Board of Directors has authorized a repurchase program of up to $800 million of the Company`s outstanding common stock, through February 1, 2014. The shares are expected to be acquired through open market transactions. The Company intends to fund the repurchase program from existing cash on hand. Nordstrom also announced that its Board of Directors has approved a quarterly dividend of $0.27 per share, an increase of 17% over the previous quarter`s dividend. The dividend is payable on March 15, 2012 to shareholders of record on March 1, 2012.
Latest Developments for Nordstrom Inc
- Nordstrom Inc Reaffirms FY 2013 EPS Guidance; Lowers FY 2013 Same Store Sales Guidance
- Nordstrom Inc Approves Quarterly Dividend
- Nordstrom Inc Authorizes $800 Million Share Repurchase Program; Increases Regular Quarterly Dividend
- Nordstrom Inc Issues FY 2013 Guidance; Comments On FY 2013 Same Store Sales Guidance
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