PITTSBURGH, Feb. 15, 2018 /PRNewswire/ -- The Board of
Directors of DICK'S Sporting Goods, Inc. (NYSE: DKS) authorized and
declared a quarterly dividend of $0.225 per share on the Company's Common Stock
and Class B Common Stock. The dividend is payable in cash on
March 30, 2018, to stockholders of
record at the close of business on March 9,
2018. This dividend represents an increase of approximately
32 percent over the Company's previous quarterly per share amount
and is equivalent to an annualized rate of $0.90 per share.
"The significant increase in our dividend demonstrates the
strength of our balance sheet and the confidence we have in our
Company's future," said Edward W. Stack, Chairman and CEO. "We
remain firmly committed to investing in the profitable growth of
our business and returning capital to our shareholders."
About DICK'S Sporting Goods, Inc.
Founded in 1948,
DICK'S Sporting Goods, Inc. is a leading omni-channel sporting
goods retailer offering an extensive assortment of authentic,
high-quality sports equipment, apparel, footwear and accessories.
As of February 3, 2018, the Company
operated more than 715 DICK'S Sporting Goods locations across
the United States, serving and
inspiring athletes and outdoor enthusiasts to achieve their
personal best through a blend of dedicated associates, in-store
services and unique specialty shop-in-shops dedicated to Team
Sports, Athletic Apparel, Golf, Lodge/Outdoor, Fitness and
Footwear. Headquartered in Pittsburgh,
PA, DICK'S also owns and operates Golf Galaxy and Field
& Stream specialty stores, as well as DICK'S Team Sports
HQ, an all-in-one youth sports digital platform offering free
league management services, mobile apps for scheduling,
communications and live scorekeeping, custom uniforms and fan wear
and access to donations and sponsorships. DICK'S offers its
products through a content-rich eCommerce platform that is
integrated with its store network and provides customers with the
convenience and expertise of a 24-hour storefront. For more
information, visit the Press Room or Investor Relations pages at
dicks.com.
Contacts:
Investor Relations:
Nate Gilch, Director of Investor
Relations
(724) 273-3400 or investors@dcsg.com
Media Relations:
(724) 273-5552 or press@dcsg.com
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SOURCE DICK'S Sporting Goods, Inc.