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American Eagle Outfitters raises cash dividend 50%

14
Jun '06
Teen apparel retailer American Eagle Outfitters Inc announced that its Board of Directors has voted to raise its cash dividend payment by 50 percent to an annual rate of $0.45 per share, from the current rate of $0.30 per share.

A quarterly cash dividend of $0.1125 per share was declared and is payable on July 7th 2006, to stockholders of record at the close of business on June 26th 2006.

"I am pleased to announce the dividend increase, which reflects our strong financial performance, solid cash position and confidence in our growth strategies," said American Eagle CEO Jim O'Donnell.

"We will continue to evaluate our dividend policy and share repurchase activity, as appropriate, consistent with our commitment to enhancing shareholder value," Jim added.

American Eagle Outfitters is a leading retailer that designs, markets and sells its own brand of laidback, current clothing targeting 15 to 25 year-olds, providing high-quality merchandise at affordable prices.

American Eagle Outfitters Inc


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