Dick's Sporting Goods More Than Doubled Quarterly Dividend >DKS

Dick's Sporting Goods Inc. on Tuesday said its board more than doubled the quarterly dividend, to $1.00, from 48.75 cents.

The new payout, equal to $4.00 a year, represents an annual yield of about 3.03% based on Monday's closing price of $132.14, up from 1.48%.

According to Coraopolis, Pa.'s sporting-goods retailer, the increased dividend will be paid March 31 to shareholders who have been paying record amounts March 17.