National multi-channel direct marketer of women's and men's apparel and home products, Blair Corporation announced that the Board of Directors has declared a regular quarterly cash dividend of 30 cents per share, which represents an increase of 15 cents from its prior regular quarterly cash dividend of 15 cents per share.
The dividend will be payable on March 15, 2006, to stockholders of record as of February 17, 2006.
"It was Blair's intention to raise its regular quarterly cash dividend to 30 cents per share, following the close of the sale of its proprietary credit portfolio.
Rewarding their long-term investors reflects Blair's commitment to further enhance shareholder value," said John Zawacki, President and Chief Executive Officer.
Headquartered in Warren, Pennsylvania, Blair Corporation sells a broad range of women's and men's apparel and home products through direct mail marketing and its Web sites.
Blair Corporation employs over 2,000 people and operates facilities and retail outlets in Northwestern Pennsylvania as well as a catalog outlet in Wilmington, Delaware.
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