Profits at largest privately owned retailer Belk up 43.5%
31 Mar '12
3 min read
Belk Declares Dividend, Announces Stock Buyback
The company's board of directors declared a regular dividend of $.75 per share for stockholders of record on March 28, 2012. The board also announced approval of an offer to repurchase up to 2,450,000 shares of the company's common stock at a price of $40.80 per share. The company expects to launch the repurchase offer on or about April 20, 2012.
Belk Inc. is the nation's largest privately owned mainline department store company with 303 Belk stores located in 16 Southern states.
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