DICK’S Sporting Goods (DKS) will raise its quarterly dividend by 32.4 percent to $0.225 per share in the first quarter of 2018. This marks the fourth consecutive year of dividend increases by DKS.

The dividend is payable on March 30, 2018, to stockholders of record at the close of business on March 9, 2018. The new dividend yield for DKS is 2.7%.

"The significant increase in our dividend demonstrates the strength of our balance sheet and the confidence we have in our Company's future," said Edward W. Stack, Chairman and CEO. "We remain firmly committed to investing in the profitable growth of our business and returning capital to our shareholders."

DICK'S Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The company's products are focused on Team Sports, Athletic Apparel, Golf, Lodge/Outdoor, Fitness and Footwear. DICK'S also owns and operates Golf Galaxy and Field & Stream specialty stores, as well as GameChanger, a youth sports mobile app for scheduling, communications and live scorekeeping. The company is headquartered in Pittsburgh, PA and was founded in 1948. A dividend has been paid every year since 2011.