Big Lots (BIG) Declares $0.19 Quarterly Dividend; 1.8% Yield
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Big Lots Reports Second Quarter Adjusted Income From Continuing Operations Of $0.40 Per Diluted Share
August 28, 2015 6:00 AM EDTCOLUMBUS, Ohio, Aug. 28, 2015 /PRNewswire/ --Â Big Lots, Inc. (NYSE: BIG) today reported income from continuing operations of $17.7 million, or $0.35 per diluted share, for the second quarter of fiscal 2015 ended August 1, 2015. This result includes a non-recurring, after tax expense of $2.7 million, or $0.05 per diluted share, associated with a merchandise-related legal contingency. Excluding this non-recurring expense, adjusted income from continuing operations totaled $20.4 million, or $0.40 per diluted share (see non-GAAP table included later in this release), which compares to our guidance of income in the range of $0.31 to $0.35 per diluted share. This result compares to... More
Big Lots Announces Executive Management Promotions To Support Long Term Strategic Plans
August 28, 2015 5:50 AM EDTCOLUMBUS, Ohio, Aug. 28, 2015 /PRNewswire/ --Â Big Lots, Inc. (NYSE: BIG) announced three executive promotions along with realignment of responsibilities, all with the singular focus of supporting the Company's long term strategy and enhancing shareholder value.
Commenting on today's announcement, David Campisi, CEO and President stated, "Lisa, TJ, and Mike have been by my side from the beginning helping to lead the significant transformation of our strategy, and our company's culture. Over the last two years, the team has attracted talent, developed a long term strategy, made the tough decisions, and... More
Big Lots Announces Quarterly Dividend On Common Stock
August 28, 2015 5:45 AM EDTCOLUMBUS, Ohio, Aug. 28, 2015 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) announced today that, on August 27, 2015, our Board of Directors declared a quarterly cash dividend of $0.19 per common share.
The dividend will be paid on September 25, 2015, to shareholders of record as of the close of business on September 11, 2015.
"I'm pleased with today's announcement of a quarterly dividend," stated David Campisi, Chief Executive Officer and President of Big Lots. "We believe this level of financial commitment to return cash to our shareholders, enhancing overall financial returns, demonstrates the... More
