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Bon Ton Stores declares Qtly cash dividend

01 Dec '05
1 min read

Leading quality fashion department store Bon-Ton Stores Inc announced the Board of Directors declared a cash dividend of 2 ½ cents per share on the Class A Common Stock and Common Stock of the Company payable January 15, 2006 to shareholders of record as of January 1, 2006.

James H. Baireuther, Vice Chairman and Chief Administrative Officer, commented, “Company is pleased to announce this cash dividend to shareholders. Liquidity and strong balance sheet, a cash dividend is an appropriate avenue of return to shareholders. Board of Directors will consider dividends in subsequent periods as it deems appropriate.”

Pennsylvania based 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

Bon-Ton Stores Inc

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