Culp Inc. reported financial and operating results for the fourth quarter and fiscal year ended April 29, 2012.
Fiscal 2012 fourth quarter highlights:
Fiscal 2012 full year highlights:
Quarterly Dividend and Share Repurchase Program
The company announced that its Board of Directors has approved the payment of a quarterly cash dividend of $.03 per share, to be paid on or about July 16, 2012, to shareholders of record as of the close of business on July 2, 2012.
The company anticipates paying a cash dividend each quarter, with expected payment dates in October, January, April and July. The announcement today implies an annual cash dividend of $0.12 per share.
Future dividend payments are subject to Board approval and may be adjusted at theBoard’s discretion as business needs or market conditions change.
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