J. C. Penney Company Inc announced that its Board of Directors declared a quarterly dividend on the Company's common stock of $0.20 per share. The dividend is payable May 1, 2008, to Company stockholders of record at the close of business on April 10, 2008.
JCPenney is one of America's leading retailers, operating 1,073 department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com, and the nation's largest general merchandise catalog business.