Womens and mens apparel marketer Blair Corporation announced that the Board of Directors has declared the Company's regular quarterly cash dividend of 15 cents per share.
The dividend will be payable on September 15, 2005, to stockholders of record as of August 19, 2005. The Company has paid a quarterly cash dividend for 287 consecutive quarters.
It is the Company's present intention to increase its regular quarterly cash dividend to 30 cents per share.
This increase will occur subsequent to the successful completion of the previously announced tender offer for 4.4 million shares of its outstanding common stock and the close of the sale of its credit portfolio to Alliance Data Systems that is currently scheduled for the fourth quarter of 2005.
Headquartered in Warren, Pennsylvania, Blair Corporation sells a broad range of women's and men's apparel and home products through direct mail marketing and its websites www.blair.com and www.irvinepark.com.
Blair Corporation employs over 2,000 associates (worldwide) and operates facilities and retail outlets in Northwestern Pennsylvania as well as a catalog outlet in Wilmington, Delaware.
marketing@alchempro.com
