The Buckle, Inc. Announces a $2.00 Per Share Special Cash Dividend and a $0.30 Per Share Quarterly Dividend

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) announced a special cash dividend of $2.00 per share and a quarterly dividend of $0.30 per share, both payable on December 29, 2020. Shareholders of record as of the close of business on December 21, 2020 will receive these dividends, which have been accelerated from last year's payment date. Buckle, known for its trendy apparel and denim, operates 446 retail stores across 42 states, catering to fashion-conscious customers.

Positive

• Authorization of a special cash dividend of $2.00 per share boosts total returns for shareholders.
• Quarterly dividend of $0.30 per share reinforces commitment to returning value to investors.

Negative

• None.

KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. (NYSE: BKE) announced that at its quarterly meeting of the Board of Directors, held on December 7, 2020, the Board authorized a $2.00 per share special cash dividend to be paid to shareholders of record at the close of business on December 21, 2020. The Board also authorized a $0.30 per share quarterly dividend to be paid to shareholders of record at the close of business on December 21, 2020. Both the $2.00 per share special cash dividend and the $0.30 per share quarterly dividend are payable on December 29, 2020 and will be paid together. Please note that the timing of both the special and quarterly dividend is accelerated from last year’s payment of both in January 2020.

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 446 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