Destination Maternity (DEST) Declares $0.20 Quarterly Dividend; Extends Buyback Program

Destination Maternity (NASDAQ: DEST) declared a quarterly dividend of $0.20 per share, or $0.8 annualized.

The dividend will be payable on September 26, 2014, to stockholders of record on September 5, 2014, with an ex-dividend date of September 3, 2014.

The annual yield on the dividend is 3.6 percent.

The Company also announced that its Board of Directors has extended the Company's authorized stock repurchase program, so that it now expires on July 31, 2016. Under the program, the Company may repurchase up to $10 million of the Company's outstanding common stock from time to time through solicited or unsolicited transactions in the open market or in negotiated or other transactions. Prior to the extension, the program was scheduled to expire on July 31, 2014. To date, the Company has not repurchased any shares under the program.

For a dividend history and other dividend-related data on Destination Maternity (DEST) click here.

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