The Buckle, Inc. Announces a $2.50/Share Special Cash Dividend, a $0.35/Share Quarterly Dividend
Portfolio Pulse from Benzinga Newsdesk
The Buckle, Inc. (NYSE:BKE) has declared a special cash dividend of $2.50 per share and a quarterly dividend of $0.35 per share, both payable on January 26, 2024, to shareholders of record as of January 12, 2024.
December 05, 2023 | 11:55 am
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The Buckle, Inc. has announced a significant special cash dividend of $2.50 per share and a regular quarterly dividend of $0.35 per share, with both dividends to be paid on the same date.
The announcement of a special cash dividend is typically seen as a positive signal to the market, indicating that the company has excess cash and is confident in its financial position. This can lead to a short-term increase in the stock price as investors may buy shares to capture the dividend. The regular quarterly dividend also supports the perception of the company as a reliable income stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100