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Article: American Eagle Outfitters Raises Cash Dividend 33% to Annual Rate of $0.40 Per Share.
- Article from:
- Business Wire
- Article date:
- June 12, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Declares Quarterly Dividend of $0.10 Per Share
WARRENDALE, Pa. -- American Eagle Outfitters, Inc. (NYSE:AEO) today announced that its Board of Directors has voted to raise its cash dividend payment by 33% to an annual rate of $0.40 per share, from the current rate of $0.30 per share. A quarterly cash dividend of $0.10 per share was declared and is payable on July 13, 2007, to stockholders of record at the close of business on July 2, 2007.
"Our decision to significantly increase the dividend signals our continuing confidence in the strong growth prospects and future financial performance of American Eagle. We will continue to seek to enhance shareholder ...