Specialty home products retailer Williams-Sonoma (WSM) will raise its quarterly cash dividend for the second time in 2021 with a new 20.3 percent increase to 71 cents per share. This follows a dividend hike of 11.3 percent to 59 cents quarterly announced in April 2021. The year 2021 will mark 15 consecutive years of dividend increases by WSM.
The next quarterly WSM dividend is payable on November 26, 2021 to stockholders of record as of the close of business on October 22, 2021. A new annual rate of $2.84 per share yields 1.6% to Williams-Sonoma shareholders at a stock price of $182.
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. Williams-Sonoma has paid a dividend to shareholders every year since 2006.