Buckle approves one-time payout for shareholders
Associated Press, 09.20.11, 07:57 AM EDT
KEARNEY, Neb. -- Teen clothing retailer The Buckle Inc. said Tuesday that it will pay shareholders a special dividend of $2.25 per share, in addition to the regular quarterly payout.
Dividends are cash payouts that companies give to their shareholders, and the Kearney, Neb., company didn't explain its reasons for the special dividend. In general, dividends can entice shareholders to keep their shares rather than sell them, and they can also indicate that a company has extra cash on hand.
Buckle has kept the regular dividend at 20 cents per quarter for nearly three years. But in that time it has also paid two one-time dividends, of $2.50 and $1.80.
In the most recent quarter, which covered May through July, Buckle's revenue rose 12.6 percent and net income rose 13.5 percent.
The special and regular dividends are payable Oct. 27 to shareholders of record Oct. 14
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