Citi Trends (CTRN) Initiates Qtr Dividend at 24c/Share; Yields 4.2%

Citi Trends (NASDAQ: CTRN) has initiated a quarterly dividend at $0.24 per share, or $0.96 annualized.

The dividend will be payable on September 15, 2015, to stockholders of record on September 1, 2015, with an ex-dividend date of August 28, 2015.

The annual yield on the dividend is 4.2 percent.

“We believe the commencement of cash dividends, coupled with the new share repurchase program, underscores our continued commitment to building shareholder value and reflects our financial strength as well as the Board’s confidence in our business and strong cash flow,” said Jason Mazzola, President and Chief Executive Officer. “At the same time, we remain committed to investments in Company growth and other long-term initiatives to enhance shareholder value.”

For a dividend history and other dividend-related data on Citi Trends (CTRN) click here.

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