Build-A-Bear Workshop (NYSE: BBW) declared a special dividend of $1.50 per share.

The dividend will be payable on April 6, 2023, to stockholders of record on March 23, 2023, with an ex-dividend date of March 22, 2023.

The annual yield on the dividend is 7.3 percent.

“We are pleased to be able to provide a direct return to our stockholders with a special dividend that together with our previously authorized stock repurchase plan shows the continued confidence that the board has in the company’s future and our commitment to allocate capital to create stockholder value. Our strong cash flow and capital structure provide the flexibility for us to return capital to our stockholders through a special dividend payment while maintaining the ability to invest for profitable growth and execute our strategic plan,” said Craig Leavitt, Non-Executive Chairman of the Board.

For a dividend history and other dividend-related data on Build-A-Bear Workshop (BBW) click here.