insane dividends

[wzebra33]

MAYWOOD, NJ, May 29, 2012 (MARKETWIRE via COMTEX) -- Jaclyn, Inc. (otcqx:JCLY) (pinksheets:JCLY) today reported financial results for the fiscal year ending February 29, 2012.

Net sales for the fiscal year ended February 29, 2012 were $195,927,000 compared to $196,020,000 in the prior fiscal year. The Company had net earnings of $2,954,000 or $1.21 per diluted share, which includes an after-tax gain on the sale of the Company's former headquarters and warehouse facility and one of two remaining lots in West New York, New Jersey, totaling $2,208,000, or $.90 per diluted share. This compares to $1,940,000, or $.80 per diluted share, in the prior fiscal year ended February 28, 2011.

In addition, the Company announced today that its Board of Directors declared a one-time, special cash dividend of $1.25 per share, payable on June 22, 2012 to holders of record of the Company's common stock, $1.00 par value per share, at the close of business on June 11, 2012.