World News: 12:01 GMT Thursday 6th December 2018. [The Children's Place, Inc. via Globe Newswire via SPi World News]
SECAUCUS, N.J., Dec. 06, 2018 (GLOBE NEWSWIRE) -- the largest pure-play children’s specialty apparel retailer in North America, today announced that its Board of Directors has declared a quarterly dividend.
Jane Elfers, President and Chief Executive Officer, commented, “The continuation of our quarterly dividend is a further reflection of our confidence in our ability to execute on our strategic initiatives and our continuing commitment to return excess capital to shareholders. The Children’s Place has a profitable business model, which generates strong cash flow. Since 2009, we have repurchased approximately $1.1 billion of our common stock, and since 2014, paid approximately $92 million in dividends.”
The Board declared a quarterly cash dividend of $0.50 per share to be paid December 28, 2018 to shareholders of record at the close of business on December 17, 2018. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Company’s Board of Directors based on a number of factors, including business and market conditions, the Company’s future financial performance and other investment priorities.
Contact: Anthony Attardo, CFA, Director, Investor Relations, (201) 453-6693
Globe Newswire: 12:01 GMT Thursday 6th December 2018
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