DICK'S Sporting Goods, Inc. (DKS) will raise its quarterly dividend by 11.4 percent to $0.4875 per share in 2022. This comes after a special dividend of $5.50 per share announced in 2021 together with a big dividend increase. 

On March 7, 2022, the Company's Board of Directors authorized and declared a quarterly dividend in the amount of $0.4875 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on March 25, 2022 to stockholders of record at the close of business on March 18, 2022. This dividend represents an increase of 11% over the Company's previous quarterly per share amount and is equivalent to an annualized dividend of $1.95 per share. The new dividend yield for DKS is 1.9%.

The Company paid $603 million in dividends to stockholders in fiscal 2021, which included a special dividend of $5.50 per share on the Company's Common Stock and Class B Common Stock.

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.