Williams-Sonoma Shares Rise on Raised Payout, Resumed Buyback

Shares of Williams-Sonoma  (WSM) – Get Report were higher Tuesday after the home-goods retailer said it would hike its quarterly dividend by 10% and resume its share buyback program.

The stock of the San Francisco company at last check was up 5.2% to $104.89. In 2020 through Monday’s close, the stock had risen 36%. 

The stock is trading around its 52-week high. It has quadrupled off its 52-week low above $26, set in mid-March.

The company, which also operates Pottery Barn, on Monday said it resumed its buyback and paid down all its short-term debt related to a $500 million revolving-credit line.

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