Family Dollar's BOD declares dividend on common stock
22 Jan '07
1 min read
Family Dollar Stores Inc (NYSE:FDO), announced that the Company's Board of Directors has declared a regular quarterly cash dividend on the Company's Common Stock of $0.115 per share, payable Friday, April 13, 2007, to shareholders of record at the close of business on Wednesday, March 14, 2007.
The quarterly cash dividend of $0.115 per share is an increase of 9.5% from the preceding quarterly cash dividend of $0.105 per share. The dividend increase represents the thirty-first consecutive year that the dividend has been increased.
With more than 6,200 stores in a 44-state area ranging northwest to Idaho, northeast to Maine, southeast to Florida, and southwest to Arizona, Family Dollar is one of the fastest growing discount store chains in the United States. Family Dollar has provided value-conscious consumers with competitive prices at neighborhood stores for more than forty-six years.
Offering a consistent selection of name-brand and good quality merchandise in an attractive and convenient shopping environment, the Company is focused on continuing to meet the needs of shoppers looking for excellent value.