(TSX: MTL) The Board of Directors of Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation") announced today that it has declared a monthly dividend of $0.06 per Common Share payable to the holders of record of Common Shares at the close of business on May 31, 2022. The dividend will be paid on June 15, 2022.
Nordstrom Inc. shares jumped more than 20% at times in after-hours trading Tuesday after the retailer reported an unexpected profit and improving sales amid difficulties for rivals. Nordstrom reported first-quarter profit of $20 million, or 13 cents a share, up from a loss a year ago and amid analyst expectations for a loss this year. The company did post an adjusted loss of 6 cents a share, mostly related to an impairment charge related to a Trunk Club property. Sales improved to $3.47 billion
Nordstrom's improving situation is a sign that its upscale customers are less affected by inflation than customers at more mainstream retailers.
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