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NEW YORK - Macy’s, Inc. (NYSE: M), the well-known retailer with a portfolio including Macy’s, Bloomingdale’s, and Bluemercury, has announced a regular quarterly dividend for its shareholders. The company’s board of directors declared the dividend to be 18.24 cents per share on the common stock. According to InvestingPro data, Macy’s currently offers a substantial 6.07% dividend yield and has maintained dividend payments for 23 consecutive years.
Shareholders who are recorded by the close of business on June 13, 2025, will be eligible for the dividend, which is scheduled for payment on July 1, 2025. This move reflects the company’s ongoing commitment to providing returns to its investors.
Macy’s, Inc., with its headquarters in New York City, has been a staple in the retail industry, offering a variety of quality brands across its various nameplates. The company has a significant digital presence and a nationwide footprint, aiming to provide customers with a seamless shopping experience.
The announcement is based on a press release statement from Macy’s, Inc., and it underlines the company’s financial practices aimed at delivering shareholder value. The retailer’s performance and strategies are closely watched by investors, as it competes in a dynamic and evolving retail landscape.
The dividend is a sign of Macy’s, Inc.’s financial health and its ability to generate sufficient cash flow to reward shareholders. It is also indicative of the company’s confidence in its business model and future prospects.
As the retail industry faces various challenges, including changes in consumer behavior and the competitive e-commerce space, Macy’s continues to adapt and evolve. The company’s focus on digital expansion and customer experience is part of its broader strategy to maintain its position in the market.
Investors and market watchers typically view dividends as a reflection of a company’s stability and maturity, and Macy’s latest dividend declaration may be seen as a positive signal amidst the retail sector’s ongoing transformations.
In other recent news, Macy’s has been at the center of several developments impacting its stock ratings and leadership structure. The company reported earnings per share (EPS) of $1.80, surpassing expectations of $1.54, though this was largely due to one-time adjustments. Despite this, Macy’s experienced a decline in owned comparable sales of 1.1%, missing the anticipated -0.2%. Analyst firms have responded with varying adjustments to Macy’s stock ratings. Goldman Sachs downgraded Macy’s from "Buy" to "Neutral," citing macroeconomic uncertainties, while Barclays initiated coverage with an Equalweight rating and a $12 price target. TD Cowen and Telsey Advisory Group also revised their price targets to $14 and $15, respectively, reflecting cautious outlooks due to economic pressures.
In leadership changes, Macy’s appointed Thomas J. Edwards as the new Chief Operating Officer and Chief Financial Officer, effective June 22nd. This move is part of Macy’s strategy to drive long-term growth. Macy’s CEO Tony Spring expressed confidence in Edwards’ capability to advance the "Bold New Chapter" strategy. This strategy includes closing 150 stores, expanding luxury stores, and enhancing omni-channel experiences. These strategic and leadership changes come amidst a challenging retail environment, with Macy’s navigating macroeconomic headwinds and competitive pressures.
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