Dick's Sporting announces special cash dividend The Board of Directors of Dick's Sporting Goods has declared a special cash dividend of $2.00 per share on the Company's Common Stock and Class B Common Stock, payable on December 28, to stockholders of record at the close of business on December 17. The special dividend payment, which is expected to be funded from the Company's excess cash on hand, is in addition to the previously announced quarterly dividend of 12.5c per share payable on December 28, to stockholders of record at the close of business on November 30.
News For DKS From The Last 14 Days
Check below for free stories on DKS the last two weeks.
Dick's Sporting downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Dick's Sporting Goods to Market Perform citing the recent rebound in shares and its data for August which indicates golf equipment sales continue to be weak. Wells also believes Disk's is near peak sales productivity and that the shift to ecommerce will lead to lower margins. The firm dropped its price target range for shares to $43-$46 from $47-$50.