Tilly’s, Inc. Declares Special Dividend of $1.00 Per Share

Rhea-AI Summary

Tilly’s, Inc. (NYSE:TLYS) has declared a special cash dividend of $1.00 per share, amounting to approximately $31 million total, to be distributed on July 9, 2021. Shareholders as of June 25, 2021 will receive this one-time dividend. This marks the fifth consecutive year Tilly's has provided a special dividend, attributed to strong cash generation during the pandemic. However, future dividends are not guaranteed and depend on various operational factors.

Positive

• Declared a special cash dividend of $1.00 per share, totaling approximately $31 million.
• Fifth consecutive year of providing a special dividend, indicating strong cash generation.

Negative

• Future dividends are not guaranteed and depend on the Board's discretion.

Tilly’s, Inc. (NYSE:TLYS, the “Company”) announced today that its Board of Directors has declared a special cash dividend of $1.00 per share, or up to approximately $31 million in the aggregate, on the Company’s outstanding Class A and Class B common stock. This one-time, special dividend is payable on July 9, 2021 to stockholders of record at the close of business on June 25, 2021. The Company cannot guarantee any future dividends. The declaration and payment of future dividends, if any, will be at the sole discretion of the Company’s Board of Directors based on its consideration of various factors, including the Company’s operating results, financial condition, and anticipated capital requirements.

“We are pleased that our operating results and cash generation amid the pandemic have allowed us to provide another direct return to our stockholders via a special dividend for the fifth consecutive year,” commented Edmond Thomas, President and Chief Executive Officer.

About Tillys
Tillys is a leading specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive assortment of iconic global, emerging and proprietary brands rooted in an active and social lifestyle. Tillys is headquartered in Irvine, California and currently operates 244 stores and its website, www.tillys.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210609005857/en/

FAQ

What is the special dividend amount declared by Tillys?

Tillys has declared a special cash dividend of $1.00 per share.

When is the special dividend payable?

The special dividend is payable on July 9, 2021.

What is the record date for the dividend?

The record date for the special dividend is June 25, 2021.

How much will Tillys pay in total for the special dividend?

Tillys will pay approximately $31 million in total for the special dividend.

Will Tillys pay future dividends?

Future dividends are not guaranteed and will depend on the Board's discretion.