News Analysis Report: Nordstrom, Inc. (NYSE:JWN), SYSCO Corporation (NYSE:SYY)

On Friday, Shares of Nordstrom, Inc. (NYSE:JWN), included 0.75% and shut at $58.94 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $56.79 and $59.50. The business’ commercial center capitalization is $10.30 Billion with the aggregate fabulous loads of 173.20 million. Seattle-based Nordstrom, Inc. (JWN) declared recently plans to open Nordstrom Rack at Vintage Oaks Shopping Center in Novato, California. The about 39,000-square-foot store is planned to open in spring 2017. The shopping center is owned by James Campbell Company, LLC of Hawai’i, and is leased and managed by Crosspoint Realty Services, Inc., of San Francisco.

When the new store opens, it will be the eighteenth Rack in Northern California and the first in Marin County.

“We’ve served customers in Marin County for over 30 years with our full line store at Corte Madera, and we’ve long been eager to find the right location to add a Nordstrom Rack,” said Geevy Thomas, president of Nordstrom Rack. “We’re excited to get our doors open at Vintage Oaks and bring great brands at great Rack prices to our new and existing customers here.”

Specialized assessment: During the fifty two-week exchanging session the negligible rate at which extent cost exchanged, enrolled at $35.01 and came to max level of $62.82. The EPS of organization is walking around 1.87.

Shares of SYSCO Corporation (NYSE:SYY), subtract -0.41% and shut at $53.14 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $53.02 and $53.66. The association’s commercial center capitalization is $29.07 Billion with the general uncommon loads of 546.93 million. Sysco Corporation (SYY) recently declared that the Board of Directors has approved a six percent increase in the quarterly cash dividend to $0.33 per share from the current $0.31 per share. The new dividend is payable on January 27, 2017, to common stockholders of record at the close of business on January 6, 2017.

“The two cent per share quarterly dividend step up from the one cent increase in recent years reflects Sysco’s continued strong generation of cash flow and demonstrates our long-standing commitment to return value to its stockholders,” said Bill DeLaney, Sysco’s chief executive officer. “Sysco has paid a quarterly cash dividend every quarter since its founding as a public company in 1970 and has raised its dividend 48 times in that period.”

Specialized examination: All through the fifty two-week exchanging session the negligible expense at which extent cost exchanged, enlisted at $38.83 and came to max level of $54.66. The EPS of association is by walking at 1.82.

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