The Buckle, Inc. Announces a $2.50 Per Share Special Cash Dividend, a $0.35 Per Share Quarterly Dividend, and Leadership Appointments

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) announced a $2.50 per share special cash dividend and a $0.35 per share quarterly dividend, totaling $2.85 per share, payable on January 26, 2024. The company also made leadership appointments, including Lanae R. Lang as Vice President of Sales, Kari Anne Nickman as Vice President, Assistant General Counsel, and Assistant Corporate Secretary, and Kevin N. Jennings as Vice President of Marketing. The President and CEO, Dennis H. Nelson, expressed gratitude for the hard work of the company's 9,000 teammates and highlighted the contributions of the newly appointed leaders.

KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (NYSE: BKE) announced that at its quarterly meeting of the Board of Directors, held on December 4, 2023, the Board authorized a $2.50 per share special cash dividend to be paid to shareholders of record at the close of business on January 12, 2024. The Board also authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on January 12, 2024. Both the $2.50 per share special cash dividend and the $0.35 per share quarterly dividend ($2.85 per share in total) are payable on January 26, 2024 and will be paid together.

The Company also announced the following leadership appointments, all effective immediately:

• Lanae R. Lang – Vice President of Sales. Lanae has been employed by Buckle since November 1992 and most recently served as Regional Manager.

• Kari Anne Nickman – Vice President, Assistant General Counsel, and Assistant Corporate Secretary. Kari has been employed by Buckle since July 2011 and most recently served as Assistant General Counsel and Assistant Corporate Secretary.

• Kevin N. Jennings – Vice President of Marketing. Kevin was hired as Vice President of Marketing in November 2023 and brings to Buckle significant digital and marketing experience from a variety of in-house and agency/consulting roles including most recently at Abercrombie & Fitch.

Dennis H. Nelson, President and Chief Executive Officer, commented, “Our outstanding and talented teammates are vital to Buckle's ongoing success. I am grateful to each of our 9,000 teammates for their hard work and dedication to providing our guests with the most enjoyable shopping experience possible every single day. Lanae and Kari are both shining examples of that commitment. We appreciate the impact they have made for our guests and teammates during their outstanding careers and look forward to their continuing leadership. I am also excited to welcome Kevin to the team and for the leadership and strategic guidance he will provide for our incredibly talented marketing team."

About Buckle

Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. 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 447 retail stores in 42 states, which includes the opening of two new stores last week located in New Orleans, Louisiana and Athens, Georgia.

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 on The Buckle, Inc. can be accessed at www.buckle.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205339157/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What dividends did The Buckle, Inc. (NYSE: BKE) announce?

The company announced a $2.50 per share special cash dividend and a $0.35 per share quarterly dividend, totaling $2.85 per share.

When will the dividends be payable to shareholders?

The dividends will be payable on January 26, 2024.

Who are the newly appointed leaders at The Buckle, Inc. (NYSE: BKE)?

The newly appointed leaders are Lanae R. Lang as Vice President of Sales, Kari Anne Nickman as Vice President, Assistant General Counsel, and Assistant Corporate Secretary, and Kevin N. Jennings as Vice President of Marketing.

What did the President and CEO, Dennis H. Nelson, comment on the new appointments?

Dennis H. Nelson expressed gratitude for the hard work of the company's 9,000 teammates and highlighted the contributions of the newly appointed leaders.