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Nordstrom Lifts Quarterly Dividend By 17%

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Courtesy of Benzinga.

Nordstrom Inc (NYSE: JWN) reported that its board lifted the quarterly dividend by 17%.

Nordstrom raised dividend to $0.27 per share. Its board authorized an $800 million share buyback program.

JWN shares dropped 1.99% to close at $51.14 on Friday.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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