February 22, 2010 (FinancialWire) — Nordstrom, Inc.’s (NYSE: JWN) board of directors has approved a quarterly dividend of $0.16 per share payable on March 15, 2010, to shareholders of record on February 26, 2010.

Washington-based Nordstrom is a fashion specialty retailer with 184 stores located in 28 states.

Founded in 1901 as a shoe store in Seattle, Nordstrom currently operates 112 full-line stores, 69 Nordstrom Racks, two Jeffrey boutiques and one clearance store.

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