Stanley Furniture (STLY) Declares $1.25 Special Dividend; 51% Yield; Will Pay Additional Special Dividend
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Stanley Furniture Announces Special Dividends
August 2, 2016 4:30 PM EDTHIGH POINT, N.C., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq: STLY) announced today that its Board of Directors, in its review of strategic alternatives for unlocking shareholder value, intends to issue to shareholders two special dividends totaling up to $1.50 per share, representing $22.1 million in the aggregate.
As announced earlier in June of this year, the Board of Directors engaged Stephens Inc. as financial advisor to assist with its consideration of potential strategic and capital allocation opportunities. As a part of this ongoing... More
Stanley Furniture Announces Special Dividends
August 2, 2016 4:30 PM EDTHIGH POINT, N.C., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq: STLY) announced today that its Board of Directors, in its review of strategic alternatives for unlocking shareholder value, intends to issue to shareholders two special dividends totaling up to $1.50 per share, representing $22.1 million in the aggregate.
As announced earlier in June of this year, the Board of Directors engaged Stephens Inc. as financial advisor to assist with its consideration of potential strategic and capital allocation opportunities. As a part of this ongoing... More
