Williams-Sonoma, Inc. (WSM) Stock: Quarterly Cash Dividend Declared

By Amit Chowdhry ● Mar 20, 2022
  • The Williams-Sonoma, Inc. (NYSE: WSM) board has declared a quarterly cash dividend. These are the details.

Williams-Sonoma recently announced that its Board of Directors has authorized a 10% increase in the company’s quarterly cash dividend to $0.78 per share. This quarterly dividend is payable on May 27, 2022, to stockholders of record as of the close of business on April 22, 2022. 

The company’s Board of Directors also approved a new $1.5 billion stock repurchase authorization, which supersedes the approximately $750 million that remains outstanding under the company’s current stock repurchase authorization.

“Our impressive finish to fiscal 2021, our strong liquidity position, and our operating cash flows have allowed us to increase our quarterly dividend, and to authorize a new stock repurchase program of $1.5 billion,” said Laura Alber, President and Chief Executive Officer of Williams-Sonoma. “These actions reflect our commitment to execution and the resulting return of value to our shareholders.”

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