Williams-Sonoma Raises Dividend by 10%
Williams-Sonoma (NYSE: WSM) announced that its board of directors has elected to increase its quarterly dividend. The new payout will be $0.53 per share, which is just over 10% higher than the last hike. It will be dispensed on Nov. 27 to investors of record as of Oct. 23. At the most recent closing share price, the new amount would yield 2.1%.
The move heralds a potential return to annual dividend hikes for the home goods retailer, which operates the Pottery Barn and West Elm store brands. For most of this decade, it had lifted the payout once per year. Its last increase prior to this one was declared in March 2019.
Image source: Getty Images.
Source Fool.com
