The Buckle, Inc. Announces a 10 Percent Increase in Its Quarterly Dividend and the Appointment of Brady M. Fritz as Vice President, General Counsel, and Corporate Secretary

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) announced a $0.33 per share quarterly dividend at its Board meeting on March 22, 2021, marking a 10% increase from the previous amount. This dividend will be paid to shareholders of record by April 15, 2021, with a payment date set for April 29, 2021. Additionally, Brady M. Fritz has been appointed as Vice President, General Counsel, and Corporate Secretary, effective immediately upon Board approval. Buckle operates 442 retail stores across 42 states, specializing in high-quality apparel and denim.

Positive

• Quarterly dividend increased to $0.33 per share, reflecting confidence in financial stability.
• Brady M. Fritz appointed as Vice President, which may strengthen corporate governance.

Negative

• None.

The Buckle, Inc. (NYSE: BKE) announced that at its quarterly meeting of the Board of Directors, held on March 22, 2021, the Board authorized a $0.33 per share quarterly dividend to be paid to shareholders of record at the close of business on April 15, 2021, with a payment date of April 29, 2021. This represents an increase of $0.03 per share, or 10 percent, in the Company’s quarterly dividend.

The Company also announced that Brady M. Fritz has been appointed to the position of Vice President, General Counsel, and Corporate Secretary effective immediately upon approval from the Board of Directors at its March 22, 2021 meeting. Ms. Fritz was hired by the Company on December 10, 2018 and has served as General Counsel and Corporate Secretary since that time.

About Buckle

Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 442 retail stores in 42 states.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

News releases and other information about The Buckle, Inc., can be
found on the Internet at www.buckle.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210323005207/en/

FAQ

What is the dividend amount and payment date for Buckle, Inc. (BKE)?

Buckle, Inc. announced a quarterly dividend of $0.33 per share, payable on April 29, 2021, to shareholders on record as of April 15, 2021.

How much has Buckle, Inc. increased its quarterly dividend?

Buckle, Inc. increased its quarterly dividend by $0.03 per share, which is a 10% increase.

Who has been appointed as Vice President and General Counsel at Buckle, Inc.?

Brady M. Fritz has been appointed as Vice President, General Counsel, and Corporate Secretary, effective immediately.

How many retail stores does Buckle, Inc. operate?

Buckle, Inc. operates 442 retail stores across 42 states.