The Buckle, Inc. Announces a $5.65 Per Share Special Cash Dividend and a 6.1 Percent Increase in Its Quarterly Dividend

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) announced a special cash dividend of $5.65 per share alongside a quarterly dividend increase of 6.1% to $0.35 per share. Both dividends are payable on December 29, 2021, to shareholders of record as of December 20, 2021. This represents a total payout of $6.00 per share, underscoring the company's commitment to returning capital to its shareholders. The Buckle operates 441 retail stores across 42 states, focusing on fashion clothing and accessories for young adults.

Positive

• Special cash dividend of $5.65 per share strengthens shareholder returns.
• Increased quarterly dividend by 6.1% to $0.35 per share demonstrates financial health.

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 3, 2021, the Board authorized a $5.65 per share special cash dividend to be paid to shareholders of record at the close of business on December 20, 2021. The Board also authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on December 20, 2021. This represents an increase of $0.02 per share, or 6.1 percent, in the Company’s quarterly dividend. Both the $5.65 per share special cash dividend and the $0.35 per share quarterly dividend ($6.00 per share in total) are payable on December 29, 2021 and will be paid together.

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 441 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/20211206005112/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What is the special cash dividend amount for BKE?

The Buckle, Inc. announced a special cash dividend of $5.65 per share.

When is the dividend payment date for BKE?

The dividends for BKE will be paid on December 29, 2021.

What is the increase in the quarterly dividend for BKE?

The quarterly dividend for BKE has been increased by 6.1% to $0.35 per share.

Who is eligible to receive the dividends for BKE?

Shareholders of record as of December 20, 2021, are eligible to receive the dividends.

How many retail stores does The Buckle operate?

The Buckle operates 441 retail stores across 42 states.