The Buckle authorizes additional stock repurchase & quarterly dividend
27 Mar '06
1 min read
Footwear maker The Buckle Inc informed that at its quarterly meeting of the Board of Directors, held on March 24th 2006, the Board authorized a $.17 per share quarterly dividend payment to be paid to shareholders of record at the close of business on April 17th 2006, and payable on April 27th 2006.
The company also announced that the Board authorized the repurchase of an additional 500,000 shares of the Buckle's common stock under the stock repurchase program originally authorized by the Board of Directors on October 12th 2005. This brings the total shares authorized under the plan to 1,000,000.
Since October 12th 2005, the company has repurchased 319,000 shares of its common stock at an average price of $33.07 per share; leaving 681,000 shares remaining under its current authorized repurchase program.
Headquartered in Kearney, Nebraska, The Buckle Inc is a retailer of casual apparel, footwear and accessories for young men and women. It currently operates 340 retail stores in 38 states.
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