Big Lots Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Big Lots, Inc. (NYSE: BIG) announced a quarterly cash dividend of $0.30 per common share for Q1 fiscal 2023, declared on February 28, 2023. This dividend will be paid on March 31, 2023, to shareholders on record as of March 17, 2023. The company operates over 1,425 stores across 48 states, focusing on home discount retailing. Big Lots aims to provide exceptional bargains on a vast range of products, enhancing customer experience.

Positive

• Quarterly cash dividend of $0.30 per share boosts shareholder income.
• Strong operational presence with over 1,425 stores in 48 states.

Negative

• None.

COLUMBUS, Ohio, March 2, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced that on February 28, 2023 the Board of Directors declared a quarterly cash dividend of $0.30 per common share for the first quarter of fiscal 2023.

The dividend will be paid on March 31, 2023, to shareholders of record as of the close of business on March 17, 2023.

About Big Lots, Inc.
Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is one of America's largest home discount retailers, operating more than 1,425 stores in 48 states, as well as a best-in-class ecommerce platform with expanded fulfillment and delivery capabilities. The Company's mission is to help customers "Live Big and Save Lots" by offering unique treasures and exceptional bargains on everything for their home, including furniture, seasonal decor, kitchenware, pet supplies, food items, laundry and cleaning essentials and more. Big Lots is the recipient of Home Textiles Today's 2021 Retail Titan Award. For more information about the company or to find the store nearest you, visit biglots.com.

Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words "anticipate," "estimate," "approximate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outlook" and similar expressions generally identify forward-looking statements. Similarly, descriptions of objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management's then-current views and assumptions regarding future events and operating performance and are applicable only as of the dates of such statements. Although we believe the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of our knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect business, financial condition, results of operations or liquidity. 

Forward-looking statements that we make herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, developments related to the COVID-19 coronavirus pandemic, the current economic and credit conditions, inflation,  the cost of goods, the inability to successfully execute strategic initiatives, competitive pressures, economic pressures on our customers and us, the availability of brand name closeout merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of our most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements.

You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures the company makes on related subjects in public announcements and SEC filings.

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SOURCE Big Lots, Inc.

FAQ

When will the dividend for Big Lots be paid?

The dividend will be paid on March 31, 2023.

What is the amount of the Big Lots quarterly dividend?

The quarterly dividend is $0.30 per common share.

What is the record date for the Big Lots dividend?

The record date for the dividend is March 17, 2023.