Macy's, Inc. (M) will hike its quarterly dividend by 5% to $0.1575 per share in 2022. Last year the company reinstated a 15 cent per share quarterly dividend.

The next dividend of 15.75 cents will be paid on April 1, 2022 to shareholders with an ex-dividend date of March 14, 2022. M currently yields 2.6% at a stock price of $24.42.

Macy’s, Inc. operates stores in the United States, the District of Columbia, Puerto Rico and Guam. The company's operations are conducted through Macy's, Bloomingdale's, Bloomingdale’s The Outlet, Macy’s Backstage, and bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under license agreements with Al Tayer Insignia, a company of Al Tayer Group, LLC. The company sells a wide range of merchandise, including apparel and accessories (men’s, women’s and kids'), cosmetics, home furnishings and other consumer goods. The specific assortments vary by size of store, merchandising assortments and character of customers in the trade areas. Most stores are located at urban or suburban sites, principally in densely populated areas across the United States. Macy's is a corporation organized under the laws of the State of Delaware in 1985. The company and its predecessors have been operating department stores since 1830. Macy’s, Inc. is headquartered in New York, New York.