bebe stores, inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

bebe stores, inc. (OTCQB:BEBE) has declared a quarterly cash dividend of $0.02 per share. This dividend is payable on March 3, 2023, to shareholders of record as of February 17, 2023. The company cited increased investments in Buddy’s store operations and higher debt servicing expenses as constraints on cash flow, contributing to the lower dividend this quarter. However, these investments are expected to enhance long-term earnings potential and positively affect future cash flows and dividends.

Positive

• Declared a quarterly cash dividend of $0.02 per share.
• Investments in Buddy's store operations may enhance long-term earnings.

Negative

• Increased debt servicing expenses hindered cash flow.
• Reduced dividend amount could signify cash flow constraints.

Board declares quarterly cash dividend of $0.02 per share

SAN FRANCISCO--(BUSINESS WIRE)-- bebe stores, inc. (OTCQB:BEBE) (the “Company”) today announced that its Board of Directors declared a quarterly cash dividend of two cents ($0.02) per share of the Company’s common stock payable March 3, 2023, to shareholders of record as of February 17, 2023. The primary constraints to the Company’s cash flow that led to a lower dividend this quarter were increased investments in our existing Buddy’s store operations and higher debt servicing expenses. The Company believes these investments in operations will increase its long-term earnings potential and have a positive effect on future cash flows and dividends.

About bebe stores, inc.

bebe is a global specialty licensor of fashion apparel and accessories that distributes bebe-branded products worldwide through licensees in approximately 100 international stores and online. bebe also owns and operates, through subsidiaries, approximately 60 rent-to-own Buddy’s Home Furnishings franchise stores located in the Southeastern U.S., offering furniture, appliances and electronics to consumers through rent-to-own agreements, along with other investments in brand royalty joint ventures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230206005584/en/

bebe stores, inc.

Investor-relations@bebe.untd.com

(415) 251-3355

Source: bebe stores, inc.

FAQ

What is the dividend amount for BEBE?

bebe stores, inc. declared a quarterly cash dividend of $0.02 per share.

When will the dividend for BEBE be paid?

The dividend will be payable on March 3, 2023.

When is the record date for the BEBE dividend?

The record date is February 17, 2023.

What are the reasons for the lower dividend by BEBE?

The lower dividend is due to increased investments in operations and higher debt servicing expenses.