The Bon-Ton Stores Inc announced the Board of Directors declared a cash dividend of five cents per share on the Class A Common Stock and Common Stock of the Company payable May 1, 2007 to shareholders of record as of April 16, 2007. This represents an increase of 2 ½ cents to the previous quarterly amount.
Keith Plowman, executive vice president and chief financial officer, commented, “We are pleased to announce to our shareholders this dividend. Our liquidity and strong balance sheet allow us to provide another avenue of return to our shareholders. Our Board of Directors will consider dividends in subsequent periods as it deems appropriate.”
The Bon-Ton Stores Inc operates 278 department stores, which includes eight furniture galleries in 23 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's and Younkers nameplates and, under the Parisian nameplate, two stores in the Detroit, Michigan area.
The stores offer a broad assortment of brand-name fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.
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