Nordstrom Boosts Dividend By 12%

Nordstrom Inc. said it raised its quarterly dividend by 12% to 37 cents a share from 33 cents a share. The new dividend will be paid on March 13 to shareholders of record on Feb. 27. The stock, which was unchanged in after-hours trade, has gained 8.4% over the past three months, while the S&P 500 has advanced 2.8%.

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