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Williams-Sonoma Board Approves Dividend Hike

Directors of Williams-Sonoma (NYSE: WSM), parent company of Pottery Barn and several other retail formats, have approved a 2-cent increase in the quarterly cash dividend, boosting the payout to 39 cents per share.

The new dividend, which represents a 5% increase, is payable May 26 to stockholders of record on April 28.

"Our decision to increase the dividend reflects our confidence in the cash-generating power of our multi-channel, multi-brand business model and our commitment to returning capital to our shareholders through dividend payments and the continuation of our multi-year share repurchase authorization announced in March 2016," said Laura Alber, president and CEO.

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