Nordstrom Inc announced on February 20th that its board of directors approved a quarterly dividend of $0.135 per share payable on March 15, 2007, to shareholders of record on February 28, 2007. The previous quarterly dividend amount was $0.105 per share.
Nordstrom Inc is one of the nation's leading fashion specialty retailers, with 155 US stores located in 27 states.
Founded in 1901 as a shoe store in Seattle, Nordstrom operates 98 full-line stores, 50 Nordstrom Racks, four Faconnable boutiques, one free-standing shoe store, and two clearance stores. Nordstrom also operates 36 international Faconnable boutiques in Europe.
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