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StockNews.com
StockNews.com
Business
Nimesh Jaiswal

With a 5% Yield, is Foot Locker a Good Stock to Add to Your Dividend Portfolio?

Foot Locker FL ADDYY Athletics Recreation

Foot Locker, Inc. (FL) in New York City operates as an athletic footwear and apparel retailer. The company has announced a new and enhanced partnership with Adidas AG (ADDYY) built around product innovation, elevated experiences, and deeper consumer connectivity. Its current dividend yields 4.91%. It has paid a quarterly dividend of $0.40 per share, totaling $38 million during the first quarter of 2022.

ADDYY reported mixed first-quarter results. While its sales for the quarter missed the 1.9% consensus estimate by 1.9%, its adjusted EPS beat the Street’s estimate by 8.8%.

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