Destination Maternity Corporation, the world's leading maternity apparel retailer, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share. The cash dividend will be payable June 27, 2014 to stockholders of record at the close of business on June 6, 2014.
Destination Maternity Corporation is the world's largest designer and retailer of maternity apparel. In the United States and Canada, as of March 31, 2014, Destination Maternity operates 1,906 retail locations, including 578 stores, predominantly under the tradenames Motherhood Maternity, A Pea in the Pod, and Destination Maternity, and 1,328 leased department locations, and sells on the web through its DestinationMaternity.com and brand-specific websites.
Destination Maternity also distributes its Oh Baby by Motherhood collection through a licensed arrangement at Kohl's stores throughout the United States and on Kohls.com. In addition, Destination Maternity has international store franchise and product supply relationships in the Middle East, South Korea and Mexico.
As of March 31, 2014, Destination Maternity has 32 international franchised locations, including 19 Destination Maternity branded stores and 13 shop- in-shop locations. The Company expects its first franchised locations in Mexico to open by the end of April 2014, pursuant to its franchise agreement with El Puerto de Liverpool, S.A.B. de C.V., the largest department store company in Mexico.