bebe stores, inc. Announces Quarterly Cash Dividend
09 February 2023 - 2:00AM
Business Wire
Board declares quarterly cash dividend of $0.02
per share
bebe stores, inc. (OTCQB:BEBE) (the “Company”) today announced
that its Board of Directors declared a quarterly cash dividend of
two cents ($0.02) per share of the Company’s common stock payable
March 3, 2023, to shareholders of record as of February 17, 2023.
The primary constraints to the Company’s cash flow that led to a
lower dividend this quarter were increased investments in our
existing Buddy’s store operations and higher debt servicing
expenses. The Company believes these investments in operations will
increase its long-term earnings potential and have a positive
effect on future cash flows and dividends.
About bebe stores, inc.
bebe is a global specialty licensor of fashion apparel and
accessories that distributes bebe-branded products worldwide
through licensees in approximately 100 international stores and
online. bebe also owns and operates, through subsidiaries,
approximately 60 rent-to-own Buddy’s Home Furnishings franchise
stores located in the Southeastern U.S., offering furniture,
appliances and electronics to consumers through rent-to-own
agreements, along with other investments in brand royalty joint
ventures.
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bebe stores, inc. Investor-relations@bebe.untd.com (415)
251-3355