DICK'S Sporting Goods, Inc. (DKS) will raise its quarterly dividend by 22.2 percent to $0.275 per share in 2019. This is the fifth consecutive year of dividend increases by the company.

The next dividend is payable in cash on March 29, 2019, to stockholders of record at the close of business on March 15, 2019. The new annual rate yields 2.8% at a stock price of $39.38.

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.