leading brand fashion apparel & accessory department store the bon-ton stores inc announced the board of directors declared a cash dividend of 2 ½ cents per share on the class a common stock and common stock of the company payable july 15, 2005 to shareholders of record as of july 1, 2005.
james h. baireuther, vice chairman and chief administrative officer, commented, “we are pleased to announce this cash dividend to our shareholders. this represents the company's ninth consecutive quarterly dividend, which we believe, given our liquidity and strong balance sheet, is an appropriate 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 139 department stores and two furniture stores in 16 states, from the northeast to the midwest under the bon-ton and elder-beerman names.
the stores carry a broad assortment of quality brand-name fashion apparel and accessories for women, men and children, as well as distinctive home furnishings. the bon-ton and elder-beerman stores provide high-quality merchandise at competitive prices delivered with top-quality service in targeted markets.
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