Foot Locker (FL) announced today that the Company's Board of Directors declared a cash dividend of $0.40 per common share for the first quarter of 2022 payable on April 29, 2022, to stockholders of record at the close of business on April 14, 2022.

The new annual dividend rate of $1.60 per share yields 5.3% at a stock price of $32 for Foot Locker.

Foot Locker, Inc. is a retailer of shoes and apparel. Foot Locker, Inc. is a specialty athletic retailer that, as of February 3, 2018, operated 3,310 stores in 24 countries 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 had paid a dividend every year (again) since 2003 before the suspension was announced in 2020, ending a streak of 10 consecutive years of dividend hikes.