S&P 500 cuts losses as Nvidia climbs ahead of results
NEW YORK - Macy’s, Inc. (NYSE:M) announced Friday that its board of directors has declared a regular quarterly dividend of 18.24 cents per share on the company’s common stock. The retailer has maintained dividend payments for 23 consecutive years, currently offering a substantial 5.64% dividend yield, according to InvestingPro data.
The dividend will be payable on October 1, 2025, to shareholders of record at the close of business on September 15, 2025, according to a press release statement from the retail company. The company maintains strong financial health with an overall score of "GOOD" from InvestingPro, trading at an attractive P/E ratio of 6.71.
Macy’s operates nationwide through its namesake stores as well as Bloomingdale’s and Bluemercury locations. The company is headquartered in New York City.
This dividend announcement maintains the retailer’s regular quarterly payment to shareholders.
In other recent news, Macy’s reported slightly better-than-expected second-quarter sales, prompting UBS to adjust its earnings per share forecast by 4 cents to $0.19, aligning with consensus estimates. Despite this improvement, UBS reiterated a Sell rating on Macy’s stock, maintaining a $6.00 price target and expressing concerns about continued market share loss. Additionally, Macy’s increased its cash tender offer for outstanding notes from $175 million to $250 million, indicating strong interest from note holders. Meanwhile, X1 Capital Inc. formed a new subsidiary, CBT SF LLC, and secured a $15 million credit line with Woodforest Bank to focus on acquiring government-backed loan interests. In other developments, HDFC Bank filed a revised annual report for the fiscal year 2024-25, updating leadership profiles to comply with regulatory requirements. These updates are now available on the bank’s website.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.