American Eagle Outfitters Inc announced that its Board of Directors has voted to raise its cash dividend payment by 33% to an annual rate of $0.40 per share, from the current rate of $0.30 per share.
A quarterly cash dividend of $0.10 per share was declared and is payable on July 13, 2007, to stockholders of record at the close of business on July 2, 2007.
“Our decision to significantly increase the dividend signals our continuing confidence in the strong growth prospects and future financial performance of American Eagle."
"We will continue to seek to enhance shareholder value through dividends and share repurchases, along with strategies to maximize the potential of our brands and pursue new growth concepts,” said American Eagle CEO Jim O'Donnell.
American Eagle Outfitters Inc
marketing@alchempro.com
