Family Dollar Stores has seen their stock price climb 19% since the end of January after receiving a takeover bid from Trian Group. However, the discount retailer still believes their stock is substantially undervalued.
Shares in Family Dollar Stores spiked over 21% today on news that Trian Capital wants to take the discount retailer private.
Family Dollar Stores announced yesterday that the company is increasing their quarterly dividend by 16% to $18 per share.
Family Dollar Stores announced yesterday that their Board of Directors has approved a quarterly dividend payment of $.135 per share.