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AEO Inc. Announces 25% Increase in Quarterly Cash Dividend
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American Eagle Outfitters, Inc. (NYSE: AEO) raises quarterly cash dividend by 25% to $0.125, reflecting improved fundamentals and free cash flow in 2023. The dividend is payable on January 19, 2024, to stockholders of record at the close of business on January 5, 2024.
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PITTSBURGH--(BUSINESS WIRE)--
American Eagle Outfitters, Inc. (NYSE: AEO) announced that its Board of Directors has raised the amount of its quarterly cash dividend by 25%. The Board declared a regular quarterly cash dividend of $0.125 on December 13, 2023, payable on January 19, 2024 to stockholders of record at the close of business on January 5, 2024.
“I am pleased to announce a 25% increase in our quarterly dividend, reflecting improved fundamentals and free cash flow over the course of 2023. This underscores the strength of our balance sheet and confidence in our strategic direction as we enter 2024. We remain committed to delivering sustained profitable growth and returns to our shareholders,” commented Jay Schottenstein, AEO’s Executive Chairman of the Board and Chief Executive Officer.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle® and Aerie® brands. Our purpose is to show the world that there’s REAL power in the optimism of youth. The company operates stores in the United States, Canada, Mexico, Hong Kong and Japan, and ships to approximately 80 countries worldwide through its websites. American Eagle and Aerie merchandise also is available at more than 300 international locations operated by licensees in approximately 30 countries. In 2022, AEO released its first annual Building a Better World report, which outlines two decades of ESG achievements through the company’s Planet, People and Practices initiatives. For more information, please visit www.aeo-inc.com.
American Eagle Outfitters, Inc. (NYSE: AEO) has raised its quarterly cash dividend by 25% to $0.125, reflecting improved fundamentals and free cash flow in 2023.
The dividend is payable on January 19, 2024, to stockholders of record at the close of business on January 5, 2024.
american eagle outfitters, inc. is built on more than 30 years of customer focus, dedication, and innovation. the company was founded with one store, in novi, michigan, in 1977. today, we have more than 1,000 stores and 30,000 associates worldwide. with corporate offices in four very distinct locations - pittsburgh, new york city, san francisco, and hong kong - american eagle outfitters, inc. has built a distinctive global company culture based on our core values that continues to shape our aspirational yet accessible brand identities. at american eagle outfitters, our people embody entrepreneurial spirit, develop creative solutions, and initiate change in an environment where we respect, support, and trust one another and commit ourselves to our company goals. we collaborate, we engage, we achieve. whether we are changing a floor set or launching a new concept, the innovation of our associates is our #1 competitive advantage. we are consistently seeking talented individuals with d
