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News Breaks | | | | February 27, 2013 | | 16:47 EDT |  | JWN | Nordstrom announces $800M share repurchase and 11% dividend raise
Nordstrom announced that its board of directors has authorized a repurchase program of up to $800M of the company’s outstanding common stock, through March 1, 2015. The shares are expected to be acquired through open market transactions. This program is in addition to the Company’s existing repurchase program that was approved by the board in February 2012. The existing repurchase program has $344 million outstanding, as of February 26, 2013, and will expire on February 1, 2014. Nordstrom also announced today that its board of directors has approved a quarterly dividend of 30 cents per share, an increase of 11% over the previous quarter’s dividend. The dividend is payable on March 22, 2013 to shareholders of record at the close of business on March 11, 2013. | |
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News For JWN From The Last 14 Days Check below for free stories on JWN the last two weeks. |
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| May 16, 2013 | | 18:56 EDT | | JWN | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. | | | 16:14 EDT |  | JWN | Nordstrom falls after sales update, levels to watch
 Subscribe for More Information | | | 16:12 EDT | | JWN | Nordstrom down $1.98, or 3.24%, to $59.15 after earnings miss estimates
Subscribe for More Information | | | 16:10 EDT |  | JWN | Nordstrom affirms FY13 EPS view $3.65-$3.80, consensus $3.80
Cuts FY13 total sales view to up 4%-6% from up 4.5%-6.5%. Consensus $12.95B. Cuts FY13 SSS view to up 3%-5% from up 3.5%-5.5%. | | | 16:08 EDT | | JWN | Nordstrom reports Q1 SSS up 3.1%
Subscribe for More Information | | | 16:07 EDT | | JWN | Nordstrom reports Q1 EPS 73c, consensus 76c
Subscribe for More Information | | | 15:14 EDT | | JWN | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. | | | 13:48 EDT |  | JWN | Nordstrom May 62 straddle priced for 3.7% move into Q1
| | | May 14, 2013 | | 09:14 EDT | | JWN | Nordstrom May volatility elevated at 40 into Q1 and outlook
Nordstrom May call option implied volatility is at 40, June and July is at 21; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16. | | | May 13, 2013 | | 07:13 EDT |  | JWN | Nordstrom unlikely to raise full-year guidance, says Piper Jaffray
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