Barnes & Noble (BKS) Declares $0.15 Quarterly Dividend; 2.1% Yield

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Go back to Barnes & Noble (BKS) Declares $0.15 Quarterly Dividend; 2.1% Yield

Barnes & Noble (BKS) Updates on Spin of Barnes & Noble Education; Sets New Dividend Policy

July 14, 2015 11:40 AM EDT

Barnes & Noble (NYSE: BKS) announced the timing and details regarding the spin-off of Barnes & Noble Education, Inc. (BNED) from Barnes & Noble. Contemporaneously with the approval of the spin-off, the Company also announced a new quarterly dividend policy for Barnes & Noble stockholders.

Spin-Off of Barnes & Noble Education, Inc.

The Barnes & Noble board of directors (the Board) has approved the final distribution ratio and declared a pro rata dividend of the outstanding shares of BNED common stock, which will result in the complete legal and structural separation of the two companies. The... More