Dividend Increase – Williams-Sonoma, Inc. (WSM)

Yesterday, March 14 the Board of Directors of Williams-Sonoma Inc. announced a quarterly dividend increase of from $ 0.39 to $ 0.43 per share that’s payable May 25, 2018 to holders of record April 27, 2018. This represents a 10.26% increase to regular quarterly dividends. With current price $ 53.70 (yesterday's close), this raise brings their dividend yield to 3.20%.

Additionally, the Board of Directors increased the amount available for repurchases under its existing stock repurchase program to $500 million.

Laura Alber, President and Chief Executive Officer, commented, “We value the continued support that our shareholders have shown to our company. Thanks to the hard work of our associates, we have consistently delivered profitable growth and strong cash flow. And once again, we are able to increase our quarterly dividend and stock repurchase program to further enhance returns to our shareholders.”

 

Since I own 45 shares of WSM, this will increase my portfolio's projected annual net dividend income by $ 5.36.

That increase rises my YOC to 3.70%. 

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You can follow the development of my dividends here.

Full Disclosure: Long WSM

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