Stage Stores (SSI) Lifts Dividend 12%

Stage Stores (NYSE: SSI) announced that its Board of Directors approved an increase in the Company’s quarterly dividend rate to 14.0 cents per share from the previous rate of 12.5 cents per share. The new quarterly rate will be applicable to dividends declared by the Board beginning August 21, 2014.

“We are pleased to announce an increase in our quarterly dividend,” said Michael Glazer, President and Chief Executive Officer. “This increase demonstrates our confidence in the growth of our business and financial flexibility. For the fifth consecutive year dividends have been increased, fulfilling our commitment to create shareholder value.”

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• Amalgamated Financial (AMAL) Raises Quarterly Dividend 50% to $0.15; 2.6% Yield
• Webster Financial (WBS) Declares $0.40 Quarterly Dividend; 3.5% Yield