Macy's adds $1.5 billion to share buyback program, boosting quarterly dividend by 5%

Macy’s Inc. M, +0.23% said on Friday that it’s including $ 1.5 billion to its share repurchase software. the company also announced a 5% elevate to the quarterly dividend, raising it to 37.75 cents per share from 36 cents. The board has but to set the report date, nevertheless it’s expected to be on or about June 15. it is effective with the July 1 dividend fee. Macy’s shares are up 0.6% in Friday buying and selling, and up 24.8% for the year so far. The S&P 500 is down four.2% for the year-to-date.

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