The board of directors of Macy's Inc increased the quarterly dividend on the company's common stock by approximately 2 percent from 13 cents per share to 13.25 cents per share.
The regular quarterly dividend is payable July 1, 2008, to shareholders of record at the close of business on June 13, 2008.
Macy's Inc, with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2007 sales of $26.3 billion.
The company operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's.
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