FORT MYERS, Fla.
Nov. 26, 2013
/PRNewswire/ -- As part of its ongoing commitment to increase shareholder value and return excess cash to its shareholders, Chico's FAS, Inc. (NYSE: CHS) today announced that its Board of Directors declared a quarterly cash dividend of
per share of its common stock, an increase of
over the third quarter 2013 dividend rate.
On an annualized basis, this would equate to an increase of
, or 36%, over the annualized dividend run-rate from the third quarter. The dividend is payable on
December 23, 2013
to Chico's FAS shareholders of record at the close of business on
December 9, 2013
The announcement underscores the company's strong financial position and the Board and management's confidence in the Company's long-term business outlook and ability to generate significant cash flow on a consistent basis.
Since 2010, the company's dividend per share has nearly doubled, from
per quarter to
. During the same timeframe, Chico's FAS, Inc. has returned
to shareholders through share repurchases and dividends.
ABOUT CHICO'S FAS, INC.
The Company, through its brands – Chico's, White House | Black Market, Soma Intimates, and Boston Proper, is a leading women's omni-channel specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items.
November 2, 2013
, the Company operated 1,470 stores in the US and
. The Company's merchandise is also available at
. For more detailed information on Chico's FAS, Inc., please go to our corporate website at
Vice President-Investor Relations Chico's FAS, Inc.(239) 346-4199
SOURCE Chico's FAS, Inc.