Nordstrom Board of Directors Approves Quarterly Dividend

Rhea-AI Summary

Nordstrom (NYSE: JWN) has announced that its board of directors has approved a quarterly dividend of 19 cents per share. The dividend will be payable on December 18, 2024, to shareholders who are on record at the close of business on December 3, 2024.

Positive

• Maintains quarterly dividend payment of $0.19 per share, demonstrating financial stability
• Continues commitment to shareholder returns through dividend distribution

Negative

• None.

Insights

Financial Analyst

The $0.19 quarterly dividend announcement maintains Nordstrom's previous payout level, representing a forward annual dividend yield of approximately 3.8% based on current share prices. While dividend continuity signals financial stability, it's worth noting that JWN hasn't increased its dividend since 2019, reflecting the challenging retail environment and company's focus on preserving capital. The dividend payout ratio remains manageable at around 45% of earnings, suggesting sustainability, though investors should monitor the company's performance in the important holiday season for potential impact on future dividend policies.

SEATTLE, Nov. 20, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today the approval by its board of directors of a quarterly dividend of 19 cents per share payable on December 18, 2024, to shareholders of record at the close of business on December 3, 2024.

ABOUT NORDSTROM

At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it.

INVESTOR CONTACT:	James Duies
	Nordstrom, Inc.
	InvRelations@Nordstrom.com
MEDIA CONTACT:	Stephanie Corzett
	Nordstrom, Inc.
	NordstromPR@Nordstrom.com

 

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SOURCE Nordstrom, Inc.

FAQ

What is Nordstrom's (JWN) dividend amount for Q4 2024?

Nordstrom's dividend for Q4 2024 is 19 cents per share.

When is Nordstrom's (JWN) next dividend payment date?

Nordstrom's next dividend payment date is December 18, 2024.

What is the record date for Nordstrom's (JWN) Q4 2024 dividend?

The record date for Nordstrom's Q4 2024 dividend is December 3, 2024.

How often does Nordstrom (JWN) pay dividends?

Nordstrom pays dividends on a quarterly basis.