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FDS intends split of common stock on 2-for-1 basis

29 Mar '06

3 min read

In addition, the Board of Directors has declared a 2 percent increase in the quarterly cash dividend payable July 3, 2006, to Federated shareholders of record at the close of business on June 16, 2006. If the stock splits, the quarterly dividend will be 12.75 cents per outstanding common share. If the stock does not split, the quarterly dividend will be 25.5 cents per outstanding common share.

Federated, its directors, executive officers and certain other members of management and employees, as well as its proxy solicitor, Georgeson Shareholder Communications Inc., may be soliciting proxies from shareholders in favor of the proposal to increase the number of authorized shares. Information concerning the participants in the solicitation is included in the preliminary proxy statement and will be included in the final proxy statement.

Federated, with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2006 sales expected to be more than $27 billion. Federated operates more than 850 department stores and more than 720 bridal and formalwear stores in 49 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord & Taylor, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's, The Jones Store, David's Bridal, After Hours Formalwear and Priscilla of Boston. The company also operates macys.com and Bloomingdale's By Mail.

Federated Department Stores Inc

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