Online women's and men's apparel mail order Company 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 December 15, 2005, to stockholders of record as of November 21, 2005.
It is the Company's present intention to increase its regular quarterly cash dividend to 30 cents per share subsequent to the close of the sale of its credit portfolio to Alliance Data Systems Corp. that is scheduled for the fourth quarter of 2005.
Pennsylvania based Blair is a multi-channel direct marketer of women's and men's apparel and home Online and mail order sales of womenswear, menswear, and home products. Blair Corporation employs over 2,000 people and operates facilities and retail outlets in Northwestern Pennsylvania as well as a catalog outlet in Wilmington, Delaware. The Company, which has annual sales of approximately $500 million.
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