The quarterly cash dividend will be increased from $0.37 to $0.39 per common share by Williams-Sonoma (WSM) and is payable on May 26, 2017 to shareholders of record as of the close of business on April 28, 2017. The indicated annual cash dividend, subject to capital availability, is $1.56 per common share.

Laura Alber, President and Chief Executive Officer, remarked, “Today, we are pleased to announce that our Board has authorized a $0.02, or 5%, increase in our quarterly dividend to $0.39 per share. Our decision today to increase the dividend reflects our confidence in the cash-generating power of our multi-channel, multi-brand business model and our commitment to returning capital to our shareholders through dividend payments and the continuation of our multi-year share repurchase authorization announced in March 2016.”

Williams-Sonoma, Inc. is a specialty retailer of products for the home. These products are marketed through e-commerce websites, direct mail catalogs and retail stores. Williams-Sonoma, Inc. currently operates in the United States, Canada, Australia and the United Kingdom, offers international shipping to customers worldwide, and has unaffiliated franchisees that operate stores in the Middle East and the Philippines and stores and e-commerce websites in Mexico.