Athletic retailer Foot Locker Inc. on Feb. 20 said its board declared a quarterly dividend of 34.5 cents per share, up 11% from the previous dividend.

The New York-based apparel and footwear retailer will pay the dividend May 4 to shareholders of record April 20.

The retailer also said the board approved a $230 million capital expenditure program for 2018, compared to the capital expenditure of $270 million in 2017.