Home sewing fabric retailer Hancock declares Qtly dividend
08 Sep '05
1 min read
Fabric retailer Hancock Fabrics Inc the Board of Directors (BOD) announced at a meeting held September 7, 2005, declared a cash dividend of 6 cents per share on the outstanding common shares, payable October 15, 2005 to shareholders of record October 1, 2005.
Hancock also reported that the inventory, fixtures and equipment for one store was destroyed by Hurricane Katrina, while the status of a second store is uncertain. In total, fifteen of the Company's stores were closed for at least one full day, and six of those remain closed. Hancock will be addressing insurance claims in the next few weeks.
Jane Aggers, Chief Executive Officer, confirmed, "The top priority is the health and safety of our associates and their families."
Fabric wholesale merchandiser Hancock Fabrics Inc is a specialty retailer of fabric and related home sewing and decorating accessories. The Company operates retail fabric stores in 43 states.
Founded in 1957, it remains committed to serving the nation's home sewing and home decorating market. Hancock carries a complete selection of fabrics and accessories for the individual and the home and sells its merchandise at guaranteed low prices.
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