The Board of Directors of American Eagle Outfitters, Inc. (NYSE: AEO) today approved a 31% increase in the quarterly cash dividend to $0.18 per share.
The quarterly dividend is equivalent to an annual dividend of $0.72 per share, up from $0.55 per share previously. The second quarter dividend is payable on July 23, 2021 to stockholders of record at the close of business on July 9, 2021.
“I am pleased to announce a material increase to our dividend today. Following a record first quarter result, the increase reflects our confidence in the growth potential of our leading brands and profit