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On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati-based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs.
S&P 500 Dividend Aristocrats. The S&P 500 Dividend Aristocrats is a stock market index composed of the companies in the S&P 500 index that have increased their dividends in each of the past 25 consecutive years. It was launched in May 2005.
Macy's (originally R. H. Macy & Co.) is an American department store chain founded in 1858 by Rowland Hussey Macy. It has been a sister brand to the Bloomingdale's department store chain since being acquired by holding company Federated Department Stores in 1994, which renamed itself Macy's, Inc. in 2007.
Readers hoping to buy Macy's, Inc. ( NYSE:M ) for its dividend will need to make their move shortly, as the stock is... Should Income Investors Look At Macy's, Inc. (NYSE:M) Before Its Ex-Dividend ...
But that earnings news wasn't all good, and quite a few investors traded out of the stock. According to data compiled by S&P Global Market Intelligence , across the trading week, Macy's share ...
Shares of Macy's (NYSE:M) traded higher on Tuesday, Feb. 26, after the department store retailer reported mixed holiday quarter numbers that largely impressed investors. Namely, things during the ...
In 2005, May was acquired by Federated Department Stores for $11 billion (~$16.5 billion in 2023) in stock, with all former May divisions being folded into Federated's various Macy's branches. [14] [15] In 2006, over 400 former May stores, with their wide variety of long-standing brand names, were consolidated and renamed as Macy's.
Macy's Inc. (NYSE: M) reported first-quarter 2013 results before markets opened this morning. The department store giant posted quarterly diluted earnings per share (EPS) of $0.55 on revenues of ...