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Foot Locker Boosts Dividend

The new payout will be 12.5 cents a share.

Athletic shoe retailer

Foot Locker

(FL) - Get Foot Locker, Inc. Report

said Wednesday that its board raised the quarterly cash dividend 39% from the previous quarter to 12.5 cents a share.

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The New York City-based company said the dividend will be paid Feb. 2 to shareholders of record Jan. 19.

Shares of Foot Locker closed up 14 cents, or 0.6%, at $24.47.

This story was created through a joint venture between and IRIS.