Stage Stores Board Declares Quarterly Dividend; Doubles Quarterly Amount to $0.05 Per Share
02 June 2006 - 4:15AM
Business Wire
Stage Stores, Inc. (Nasdaq:STGS) reported today that, at its Annual
Shareholders Meeting held today at its headquarters in Houston,
Texas, James Scarborough, Chairman and Chief Executive Officer,
announced that the Company's Board of Directors has declared a
quarterly cash dividend of 5.0 cents per share, which is twice the
amount of the Company's previous quarterly cash dividend of 2.5
cents per share. The dividend is payable on the Company's common
stock on June 28, 2006 to shareholders of record at the close of
business on June 13, 2006. Stage Stores, Inc. brings nationally
recognized brand name apparel, accessories, cosmetics and footwear
for the entire family to small and mid-size towns and communities
through 561 stores located in 31 states. The Company operates under
the Stage, Bealls and Palais Royal names throughout the South
Central states, and under the Peebles name throughout the
Midwestern, Southeastern, Mid-Atlantic and New England states. In
addition, on February 27, 2006, the Company purchased B.C. Moore
& Sons, Inc., and acquired 78 retail locations situated in the
Southeast. The Company currently plans to convert 69 of the
acquired stores to its Peebles name and format, in phases,
beginning in early August. For more information about Stage Stores,
visit the Company's web site at www.stagestores.com.
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