Nordstrom raises quarterly dividend by 12 percent to 37 cents from 33 cents

MarketsAssociated Press

High-end retailer Nordstrom said Friday it is raising its quarterly dividend 12 percent to 37 cents from 33 cents.

Nordstrom Inc. said it will pay its next dividend March 13 to shareholders of record on Feb. 27.

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The Seattle-based company operates 292 stores in 38 states. Its stock gained 4 cents to $79.41 Friday and is trading around all-time highs after climbing 36 percent over the last 12 months.