Chicos FAS (CHS) Declares $0.08 Quarterly Dividend; Announces Amended Bylaws for Proxy Access

November 22, 2016 7:29 AM EST

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Chicos FAS (NYSE: CHS) declared a quarterly dividend of $0.08 per share, or $0.32 annualized.

The dividend will be payable on December 19, 2016, to stockholders of record on December 5, 2016, with an ex-dividend date of December 1, 2016.

The annual yield on the dividend is 2.3 percent.

The Company also announced that its Board of Directors has amended the Company's bylaws to implement proxy access, effective November 17, 2016. The amended bylaws permit a stockholder, or a group of up to 20 stockholders, that has owned at least 3% of the Company's common stock continuously for at least three years, to include in the Company's annual meeting proxy materials director nominees constituting up to 20% of the Company's Board of Directors, provided that the stockholder(s) and the nominees(s) satisfy the requirements specified in the amended bylaws. A copy of the Amended and Restated Bylaws will be attached as an exhibit to the Chico's FAS third quarter Form 10-Q filed with the SEC.

For a dividend history and other dividend-related data on Chicos FAS (CHS) click here.

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