Pier 1 Imports (PIR) to Discontinue Dividend

Pier 1 Imports (NYSE: PIR) said its Board of Directors has determined to discontinue the common stock dividend, which will enable the Company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings growth and increase shareholder value. Discontinuing the quarterly cash dividend of $0.07 per share is expected to contribute approximately $22 million of incremental cash flow in fiscal 2019.

You May Also Be Interested In

• CrowdStrike shares jump on earnings beat, raised outlook
• SM Energy (SM) Declares $0.22 Quarterly Dividend; 2.4% Yield
• CSB Bancorp (CSBB) Declares $0.45 Quarterly Dividend; 2.4% Yield