...authorized a 20.3% increase in the company’s quarterly cash dividend to $0.71 per share. The quarterly dividend is payable on November 26, 2021 to stockholders of record as of the close of business on October 22, 2021. The Board of Directors also approved a new $1.25 billion stock repurchase authorization, which supersedes the approximately $560 million, which remains outstanding under the company’s current stock repurchase authorization.
“Our decisions to increase our quarterly dividend again and to approve a new $1.25 billion share buyback authorization reflect the strength of our business and financial position, and our commitment to maximizing returns for our shareholders,” said Laura Alber, President and Chief Executive Officer. “Our strong performance reinforces the sustainable power of our key differentiators: our in-house design, our digital-first channel strategy and our values. Combined with our winning positioning in a growing but fragmented industry, and our incremental growth initiatives, we are more confident than ever in our ability to deliver outsized returns into the future.”
...authorized a 20.3% increase in the company’s quarterly cash dividend to $0.71 per share. The quarterly dividend is payable on November 26, 2021 to stockholders of record as of the close of business on October 22, 2021. The Board of Directors also approved a new $1.25 billion stock repurchase authorization, which supersedes the approximately $560 million, which remains outstanding under the company’s current stock repurchase authorization.
“Our decisions to increase our quarterly dividend again and to approve a new $1.25 billion share buyback authorization reflect the strength of our business and financial position, and our commitment to maximizing returns for our shareholders,” said Laura Alber, President and Chief Executive Officer. “Our strong performance reinforces the sustainable power of our key differentiators: our in-house design, our digital-first channel strategy and our values. Combined with our winning positioning in a growing but fragmented industry, and our incremental growth initiatives, we are more confident than ever in our ability to deliver outsized returns into the future.”