Nordstrom Announces Dividend

Nordstrom (JWN: 38.94 -0.54%) announced a quarterly dividend of $.16 per share. The dividend will be payable on March 16, 2009 to shareholders of record as of February 27, 2009.

The current yield now stands at 5.4%.

The high-end retailer has seen its stock fall 11% since the beginning of the year.