Cincinnati based leading department store retailer Federated Department Stores Inc declared by BOD of a regular quarterly dividend on Federated common stock, payable October 3, 2005. The amount and record date for the dividend will depend on when Federated's pending merger with The May Department Stores Company closes.
The record date will be the earliest of:
-The business day immediately preceding the effective date of Federated's merger with May, if the merger is on a business day, or
-The Thursday immediately preceding the effective date of the merger if the effective date of the merger occurs on a Saturday, Sunday or holiday, or
-September 15, 2005.
The amount of the dividend will be 25 cents per common share if the merger occurs on or before September 15 and 13.5 cents if it closes after September 15.
Shareholders of Federated and May Company have approved the merger, which is expected to close in the fiscal third quarter of 2005, pending completion of regulatory review.
Federated, with corporate offices in Cincinnati and New York, is one of the premier retailers, with annual sales of more than $15.6 billion. Federated operates more than 450 department stores in 34 states, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. The company also operates macys.com and Bloomingdale's By Mail.
Federated Department Stores Inc
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