J.Jill (JILL) Initiates $0.07 Quarterly Dividend; 1% Yield

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Go back to J.Jill (JILL) Initiates $0.07 Quarterly Dividend; 1% Yield

J.Jill, Inc. Utilizes Strong Cash Position to Pay Down Debt and Initiate a Quarterly Dividend

May 14, 2024 4:05 PM EDT

Provides First Quarter Fiscal 2024 Preliminary Results of Net Sales of About $160 million and Adjusted EBITDA* of Approximately $33 million to $34 million

QUINCY, Mass.--(BUSINESS WIRE)-- J.Jill, Inc. (NYSE: JILL) today announced that it has completed a series of debt principal payments and that its Board of Directors has approved a new quarterly dividend program.

The total debt repaid was $60.4 million which reduced the original $175 million term loan issued in April 2023 to $108 million. The $60.4 million was comprised of a required principal payment of $2.2 million on April 26, 2024, and a... More