Family Dollar Stores Announces Quarterly Dividend
- April 10, 2009
- Dividend News, Featured
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Family Dollar Stores (FDO: 39.47 +1.96%) announced yesterday that their Board of Directors has approved a quarterly dividend payment of $.135 per share.
The current dividend yield now stands at 1.6%.
The dividend announcement comes on the heels of the company’s positive earnings results. On April 8, the company announced their fiscal second quarter earnings increased 33% which sent shares to a new 52-week high of $35 per share.
“In today’s challenging economic environment, families of all incomes are looking for ways to save money. Our strategy of providing both value and convenience continues to resonate well with consumers, and, as a result, we continue to capture more shopping trips and gain market share,” said Howard R. Levine, Chairman and Chief Executive Officer.
The dividend will be payable on July 15, 2009 to shareholders of record as of June 15, 2009.
