DICK'S Sporting Goods, Inc. (DKS) will raise its quarterly dividend by 13.6 percent to $0.3125 per share in 2020. This is the 6th consecutive year of dividend increases by the company and follows last year's 22.2 percent dividend hike.

The next dividend is payable in cash on March 27, 2020, to stockholders of record at the close of business on March 20, 2020. The new annual dividend rate of $1.25 per share yields 3.8% at a stock price of $32.48.

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.