Stage Stores Announces Dividend Increase of 25 Percent
HOUSTON -- April 08, 2013
Stage Stores, Inc. (NYSE: SSI) today announced that its Board of Directors
approved an increase in the Company’s quarterly dividend rate to 12.5 cents
per share from the previous rate of 10 cents per share. The new quarterly rate
of 12.5 cents per share will be applicable to dividends declared by the Board
beginning May 23, 2013.
“We are pleased to announce a significant dividend increase which demonstrates
our commitment to return cash to shareholders and is supported by our
expectations for future earnings and cash flow,” said Michael Glazer,
President and Chief Executive Officer. “This 25 percent increase reflects our
intent to create value through increasing shareholder distributions, and is a
testament to the strength of our balance sheet and our confidence in
delivering future growth.”
About Stage Stores
Stage Stores, Inc. operates primarily in small and mid-sized towns and
communities. Its stores, which operate under the Bealls, Goody’s, Palais
Royal, Peebles, Stage and Steele’s names, offer moderately priced, nationally
recognized brand name apparel, accessories, cosmetics and footwear for the
entire family. The Company operates 864 stores in 40 states. The Company also
has an eCommerce website. For more information about Stage Stores, visit the
Company’s web site at www.stagestoresinc.com.
Stage Stores, Inc.
Bob Aronson, 800-579-2302
Vice President, Investor Relations
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