Home / Knowledge / News / Apparel/Garments / Stein Mart declares quarterly dividend of $0.075/share
Stein Mart declares quarterly dividend of $0.075/share
12
Dec '14
US apparel retailer, Stein Mart, 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 $0.075 per common share. The dividend will be paid on January 16, 2015 to shareholders of record at the close of business on January 2, 2015.

According to reports, earnings in the third fiscal quarter ending November 1, 2014, totalled $0.9 million or $0.02 per diluted share compared to adjusted net loss of $0.3 million or $0.01 loss per diluted share in 2013.

Total sales for the reporting quarter rose 4.5 per cent from the prior year quarter to $303.7 million, while comparable store sales increased 3.1 per cent.

Cash at the end of the third quarter of 2014 amounted to $64.9 million, more as compared to the amount of $59.5 million at the end of the third quarter of 2013.

According to the retailer, the rise in 2014 over 2013 is after dividend payments and stock repurchases, as well as capital expenditures and increased investment in inventories.

Stein Mart stores offer fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. Stein Mart operated 268 stores in the third quarter this year, up from 264 in corresponding quarter last year. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search