Big Lots (BIG) Tops Q4 EPS by 2c; $250M Common Stock Buyback Approved
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Big Lots Reports Q4 Adjusted Income From Continuing Operations Of $2.00 Per Share
March 4, 2016 6:00 AM ESTCOLUMBUS, Ohio, March 4, 2016 /PRNewswire/ --Â Big Lots, Inc. (NYSE: BIG) today reported income from continuing operations of $94.7 million, or $1.91 per diluted share, for the fourth quarter of fiscal 2015 ended January 30, 2016. This result includes an after tax expense of $4.6 million, or $0.09 per diluted share, associated with the termination of legacy pension plans. Excluding this expense, adjusted income from continuing operations totaled $99.3 million, or $2.00 per diluted share (see non-GAAP table included later in this release), which compares to our guidance of adjusted income of $1.95 to $2.00 per diluted share (non-GAAP) and to income from... More
Big Lots Announces 11% Increase in Quarterly Dividend on Common Stock
March 4, 2016 5:45 AM ESTCOLUMBUS, Ohio, March 4, 2016 /PRNewswire/ --Â Big Lots, Inc. (NYSE: BIG) announced today on March 1, 2016 our Board of Directors increased the Company's quarterly dividend payment rate by approximately 11%, declaring a quarterly cash dividend of $0.21 per common share for the first quarter of fiscal 2016.
The dividend will be paid on April 1, 2016, to shareholders of record as of the close of business on March 18, 2016.
"I'm very pleased with today's announcement of an increase in our quarterly dividend," stated David Campisi, Chief Executive Officer and President of Big Lots. "It is the... More
