Interviews
News Flash
Cherokee's net income for Q1 decreases
10 Jun '09
4 min read
Russell J. Riopelle, Chief Financial Officer, commented, “We finished the quarter in another strong cash position, with cash and cash equivalents of $9.6 million, trade receivables of $8.5 million, and no debt. As we previously announced, we will pay a dividend of $0.50 per share on June 18th. Unless we see a prudent and compelling acquisition opportunity or some other growth opportunity, we expect to continue a dividend policy commensurate with our earnings and excess cash availability, while we continue to monitor any proposed tax law changes which could accelerate our dividend policy. We will continue to implement and execute strategies designed to maximize value for our shareholders.”
Cherokee Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
