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Macy’s new dividend makes it a top-5 yielder among retail peers

Macy's new dividend makes it a top-5 yielder among retail peers

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Macy’s Inc.’s M, +11.84% reinstated quarterly dividend is less than half the last dividend paid out 17 months ago, but will catapult the department store chain to be a top-5 yielder among its retail peer group. The new dividend of 15 cents a share, payable Oct. 1 to shareholders of record on Sept.

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