Home / Knowledge / News / Apparel/Garments / Hudson's Bay declares quarterly dividend of $0.05/share
Hudson's Bay declares quarterly dividend of $0.05/share
22
Sep '14
Canadian fashion retailer Hudson’s Bay Company (HBC) has announced that the Company’s Board of Directors has approved a quarterly dividend for holders of the Company’s common shares in the amount of $0.05 per common share. The dividend will be paid on October 15, 2014 to shareholders of record at the close of business on September 30, 2014.

The dividend is designated as an “eligible dividend” for Canadian tax purposes.

Retail sales of HBC during the second quarter of 2014 ending on August 2, 2014 were $1,769 million, an increase of $821 million or 86.6% from $948 million compared to the second quarter of the previous year. The increase was driven by the inclusion of Saks Fifth Avenue, a departmental store, which contributed higher gross profit as a percentage of retail sales than Legacy HBC.

HBC reported a 35% year-on-year EBITDA surge for the second fiscal quarter or 13-week period ended August 2, 2014. Normalized EBITDA as a percentage of retail sales was 4.6%, compared to 6.3% for the previous year.

Hudson’s Bay, founded in 1670, is one of the leading North America’s commercial companies. Hudson’s Bay is Canada’s most prominent department store with 90 full-line locations, one outlet store and thebay.com. The leading banners of Hudson’s Bay include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search