Foot Locker (FL) will raise its quarterly dividend by 11.3 percent to $0.345 per share in the first quarter of 2018. The new dividend yield for FL is 2.9%.

The new dividend will be payable on May 4, 2018 to shareholders of record on April 20, 2018.  The 11 percent increase in the dividend is the eighth consecutive year with a dividend increase in the 10 percent range and is equivalent to an annualized rate of $1.38 per share.

Foot Locker, Inc. is a retailer of shoes and apparel. Foot Locker, Inc. is a specialty athletic retailer that operates stores in North America, Europe, Australia, and New Zealand. Through its Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02 retail stores, as well as its direct-to-customer channels, including Eastbay.com, footlocker.com, and SIX02.com, the Company is a leading provider of athletic footwear and apparel. Foot Locker has paid a dividend every year (again) since 2003.