Foot Locker Reinstates Dividend After 1 Missed Payment

Foot Locker (NYSE: FL) told investors almost two weeks ago its second-quarter sales were going to be stronger than anticipated, and now that the numbers are in, it turns out earnings are, too.

The footwear retailer's financial position has improved so much, in fact, that it will be reinstating the dividend it suspended back in May, along with its stock buyback program.

Image source: Getty Images.

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Source Fool.com