Macy's has announced its upcoming dividend, with the ex-dividend date set for Jun 13, 2025. The announcement was made on May 16, 2025, and the dividend payment date is Jul 1, 2025. Shareholders will receive a dividend of $0.182 per share. This amount is lower compared to the average of the last ten dividends, which stood at $0.208 per share. Previously, on Apr 1, 2025,
distributed a dividend of $0.182 per share. The dividend type for both distributions is cash dividend.
Recently, Macy's has been navigating a challenging retail environment. Over the past week, the company missed Wall Street's revenue expectations for Q1 CY2025, experiencing a 4.1% decline in sales year-on-year, resulting in a total of $4.79 billion in revenue. This financial performance has raised concerns among analysts about the company's ability to maintain its competitive edge in a rapidly evolving retail landscape. Additionally, Macy's has been facing significant operational changes. Since the last update, the company announced plans to close approximately 150 underperforming stores. This decision is part of a broader strategy to streamline operations and focus on more profitable locations.
As of late, there have been notable shifts in investor sentiment towards Macy's. A prominent investment management firm has significantly reduced its stake in the company by 97.3% during the fourth quarter. This move reflects growing apprehensions about Macy's future prospects amid increasing competition and changing consumer preferences in the retail sector. Analysts have suggested that these developments may impact the company's long-term growth trajectory and market position.
In conclusion, Macy's is facing a series of strategic and financial challenges that could influence its market performance. Investors should note that Jun 13, 2025, is the ex-dividend date. It is the last opportunity to purchase Macy's stock and qualify for the upcoming dividend, as any acquisitions made after this date will not be eligible for the current dividend payout.
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