JC Penney Company Inc, one of the nation's largest department store chains, announced that on March 21st 2006, its Board of Directors declared a quarterly dividend of $0.18 per share on the company's common stock, an increase of 44 percent.
The dividend is payable May 1st 2006, to the company's stockholders of record at the close of business on April 10th 2006.
JC Penney Corporation Inc, the wholly-owned operating subsidiary of JC Penney Company Inc, is one of America's largest department store, catalog, and e-commerce retailers, employing approximately 151,000 associates.
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