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Stock impact report

Academy Sports Rewards Investors With 18% Dividend Hike [Yahoo! Finance]

Academy Sports and Outdoors, Inc. (ASO) 
Company Research Source: Yahoo! Finance
The board of directors approved a quarterly dividend payout of 13 cents per share (52 cents per share annually), which is up 18.2% from the previous dividend payout of 11 cents per share (44 cents per share annually). The amount will be paid out on April 17, 2025, to shareholders of record as of March 25. Based on the closing price of $49.24 per share on Friday, the stock has a dividend yield of 1.1%. The company's focus on generating robust operating cash flow through various business fostering strategies and efficiently utilizing the free cash for rewarding its shareholders apart from reinvesting into the business holds the foundation of the hike. What's Aiding Academy Sports' Dividend Policy? Academy Sports maintains and executes a proportionate capital allocation approach through which it maintains shareholder value and fosters its business growth. As part of the capital allocation strategy, the company envisions rewarding its shareholders as an integral part, apart from ot Show less Read more
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