Stanley Furniture Announces Special Dividends

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Stanley Furniture (STLY) Declares $1.25 Special Dividend; 51% Yield; Will Pay Additional Special Dividend

August 2, 2016 4:32 PM EDT

Stanley Furniture (NASDAQ: STLY) declared a special dividend of $1.25 per share.

The dividend will be payable on August 19, 2016, to stockholders of record on August 12, 2016, with an ex-dividend date of August 22, 2016.

The annual yield on the dividend is 51 percent.

The additional special dividend of $0.25 per share is expected to be declared once the company has obtained a revolving credit facility sufficient to fund any fluctuations in working... More

Stanley Furniture (STLY) Declares $1.25 Special Dividend; 51% Yield; Will Pay Additional Special Dividend

August 2, 2016 4:32 PM EDT

Stanley Furniture (NASDAQ: STLY) declared a special dividend of $1.25 per share.

The dividend will be payable on August 19, 2016, to stockholders of record on August 12, 2016, with an ex-dividend date of August 22, 2016.

The annual yield on the dividend is 51 percent.

The additional special dividend of $0.25 per share is expected to be declared once the company has obtained a revolving credit facility sufficient to fund any fluctuations in working... More