Bon-Ton Stores declares Qtly dividend

24 Aug '05

1 min read

Leading quality fashion department store The Bon-Ton Stores Inc announced the Board of Directors declared a cash dividend of 2 1/2 cents per share on the Class A Common Stock and Common Stock of the Company payable October 15, 2005 to shareholders of record as of October 1, 2005.

James H. Baireuther, Vice Chairman and Chief Administrative Officer, commented, "Company is pleased to announce this cash dividend to shareholders. This represents the Company's tenth consecutive quarterly dividend, which they believe, given liquidity and strong balance sheet is an appropriate avenue of return to shareholders. Company Board of Directors will consider dividends in subsequent periods as it deems appropriate."

Pennsylvania based The Bon-Ton Stores Inc engages to operate 139 department stores and two furniture stores in 16 states from the Northeast to the Midwest under the Bon-Ton and Elder-Beerman names.

The stores offer quality branded opening, moderate and better priced merchandise in apparel, cosmetics, shoes, accessories and distinctive home fashions, as well as exclusive private-label merchandise. The Bon-Ton carves out and maintains a niche in smaller markets, attracting customers seeking fashion-right merchandise at competitive prices.

The Bon-Ton Stores Inc

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