Branded fashion products seller Stage Stores Inc announced that on August 23, 2005, its Board of Directors declared a cash dividend of 2.5 cents per share, payable on September 21, 2005 to shareholders of record at the close of business on September 6, 2005.
Jim Scarborough, Chairman, President and Chief Executive Officer, commented, "They are very pleased with Board's decision to declare a cash dividend. They consider this to be a very important milestone for Company. Their strong financial condition and cash flow will allow us to pay this dividend, and to continue to invest in their Company's future growth. They believe that the declaration of this dividend further underscores our commitment to enhancing shareholder value."
Stage Stores Inc brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities through 545 stores located in 30 states. The Company operates under the Bealls, Palais Royal and Stage names throughout the South Central states, and under the Peebles name throughout the Mid-Atlantic, Southeastern and Midwestern states.