Retail
JoS. A. Bank Sets Stock Dividend
TSC Staff
12/14/05 - 10:52 AM EST
JoS. A. Bank Clothiers (JOSB Quote) declared a 25% stock dividend, payable Feb. 15 to shareholders of record Jan. 27.
The Hampstead, Md., clothier said the payout marks its third stock dividend in two years. Holders will get a new share for every four held. JoS. A. Bank said the move will boost shares outstanding to 17.1 million from 13.7 million.
On Wednesday, JoS. A. Bank rose 66 cents to $41.86.
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