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Stein Mart suspends quarterly dividend

08 Feb '08
2 min read

Full financial results for the fourth quarter and fiscal year 2007 will be reported before the U.S. financial markets open on Thursday, March 20, 2008.

Management will also hold a conference call at 10 a.m. ET that morning to discuss those results and the current outlook on business.

The call may be heard on the investor relations portion of the Company's website. A replay of the presentation
will be available on the website until March 29, 2008.

The Company's board of directors has voted to suspend the quarterly cash dividend to shareholders. "Our decision to suspend the cash dividend, along with our earlier action to moderate new store openings, will give us more flexibility as we navigate current industry conditions," commented Jay Stein, chairman of the board.

Stein Mart Inc

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