Macy’s, Inc. Board Declares Quarterly Dividend

CINCINNATI–(BUSINESS WIRE)–The board of directors of Macy’s, Inc. (NYSE:M) today declared a regular
quarterly dividend of 37.75 cents per share on Macy’s common stock,
payable Oct. 3, 2016, to shareholders of record at the close of business
on Sep. 15, 2016.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one
of the nation’s premier retailers, with fiscal 2015 sales of $27.079
billion. The company operates about 880 stores in 45 states, the
District of Columbia, Guam and Puerto Rico under the names of Macy’s,
Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury,
as well as the macys.com, bloomingdales.com and bluemercury.com
websites. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC
under a license agreement.

(NOTE: Additional information on Macy’s, Inc., including past news
releases, is available at www.macysinc.com/pressroom)

Contacts

Macy’s, Inc.
Media
Jim Sluzewski, 513-579-7764
or
Investors
Matt
Stautberg, 513-579-7780