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June 12, 2020, 8:29 a.m. EDT

Dick's Sporting Goods stock jumps after dividend program reinstated

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By Tonya Garcia

Dick's Sporting Goods Inc. /zigman2/quotes/200566298/composite DKS -2.51% shares jumped 6.3% in Friday premarket trading after the athletic retailer said it was bringing back its dividend program. On June 10, the company declared a dividend of of $0.3125 per share payable on June 30 to shareholders of record as of the close of business on June 22. The dividend program had been suspended as part of the measures taken to preserve liquidity after the coronavirus spread in the U.S. and stores were shuttered. Dick's Sporting Goods expects to reopen nearly all of its stores by June 30, will bring back "substantially" all of its associates from furlough and will restore pay, except for certain executives. Dick's Sporting Goods stock has fallen nearly 27% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.46% is down 7.1% for the period.

/zigman2/quotes/200566298/composite
US : U.S.: NYSE
$ 45.74
-1.18 -2.51%
Volume: 1.18M
Aug. 12, 2020 12:23p
P/E Ratio
44.41
Dividend Yield
2.75%
Market Cap
$4.20 billion
Rev. per Employee
$186,650
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/zigman2/quotes/210599714/realtime
US : S&P US
3,382.21
+48.52 +1.46%
Volume: 1.02B
Aug. 12, 2020 12:23p
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