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Dick's restores salaries, ends furloughs as sales rise

Published June 12, 2020

PITTSBURGH (BRAIN) — Dick's Sporting Goods restored salaries and ended furloughs for employees after stores closed because of the COVID-19 pandemic.

Dick's also announced Friday that it will reinstate its dividend program, authorizing a quarterly dividend of $0.31 per share on the company's common stock and Class B common stock. This comes after the company said early sales are up after most stores have fully reopened with the expectations of nearly all stores reopening by June 30.

Certain executives will not have full salaries restored, Dick's said in the news release.

In May, Dick's announced that some stores in 26 states would reopen with social distancing measures in place. Curbside contactless pickup is available at the reopened stores.

Dick's closed all of its stores on March 19 in response to the COVID-19 pandemic.

Topics associated with this article: Coronavirus

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