Foot Locker Hikes Quarterly Dividend by 11%
Foot Locker (FL) recently announced an 11.0% hike in its quarterly dividend to $0.345 per share, payable on May 4, 2018, to shareholders as of April 20, 2018. Along with the dividend hike, Foot Locker (FL) announced that it would spend $230.0 million toward capital expenditure. Dividend yield refers to the cash flow an investor gets for each dollar invested in a company’s stock.