Dick's Sporting Goods Dividend Faces Test as Free Cash Flow Dries Up

Dick's Sporting Goods Dividend Faces Test as Free Cash Flow Dries Up

Dick's Sporting Goods has raised its dividend for years straight, but the Foot Locker acquisition has nearly wiped out free cash flow this year, and guidance cuts are piling pressure on the payout at the worst possible time.

Dick’s Sporting Goods Dividend Faces Test as Free Cash Flow Dries Up

The post Dick’s Sporting Goods Dividend Faces Test as Free Cash Flow Dries Up appeared first on 24/7 Wall St.. Dick’s Sporting Goods (NYSE:DKS) pays $1.25 per share each quarter, or $5.00 annualized. At $136.73, that works out to a yield of about 3.7%. The yield is that high partly because the…