Childrens Place (PLCE) Tops Q4 EPS by 1c; Issues Light Q1, FY14 Profit Outlook

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Go back to Childrens Place (PLCE) Tops Q4 EPS by 1c; Issues Light Q1, FY14 Profit Outlook

Children's Place (PLCE) Commences Qtr. Dividend; Approves $100M Buyback Plan

March 6, 2014 7:10 AM EST

The Children's Place Retail Stores, Inc. (Nasdaq: PLCE) announced that its Board of Directors has instituted a quarterly dividend and has approved a $100 million share repurchase authorization as part of the Company's strategy to return excess capital to shareholders.

Jane Elfers, President and Chief Executive Officer, commented, "The Children's Place has a profitable business model which generates strong cash flow. Over the past five years, we have returned over $400 million to shareholders through share... More