Stage Stores, Inc. (NYSE: SSI) today announced that its Board of
Directors approved an increase in the Company’s quarterly dividend rate
to 14.0 cents per share from the previous rate of 12.5 cents per share.
The new quarterly rate will be applicable to dividends declared by the
Board beginning August 21, 2014.
“We are pleased to announce an increase in our quarterly dividend,” said
Michael Glazer, President and Chief Executive Officer. “This increase
demonstrates our confidence in the growth of our business and financial
flexibility. For the fifth consecutive year dividends have been
increased, fulfilling our commitment to create shareholder value.”
About Stage Stores
Stage Stores, Inc. operates primarily in small and mid-sized towns and
communities. Its stores, which operate under the Bealls, Goody’s, Palais
Royal, Peebles and Stage names, offer moderately priced, nationally
recognized brand name apparel, accessories, cosmetics and footwear for
the entire family. The Company operates 852 stores in 40 states. The
Company also has an eCommerce website. For more information about Stage
Stores, visit the Company’s web site at www.stagestoresinc.com.
Stage Stores, Inc.
Bob Aronson, 800-579-2302
Source: Stage Stores, Inc.