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A special gift awaits investors in The Buckle
Plenty of retailers talk about returning cash to shareholders, but none does so as aggressively as The Buckle which just announced a whopper of a special dividend.
The Kearney, Neb.-based operator of 463 stores said it would pay a $2.77 special dividend in addition to its regular quarterly dividend of 23 cents on Jan. 27 to shareholders of record on Jan. 15. It is the seventh consecutive year the debt-free specialty retailer of young men’s and women’s apparel has paid a special dividend on top of its quarterly payout.
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AutoZone motors ahead with inventory investment
The nation’s leading automotive retailer credited investments in inventory and favorable weather with helping it achieve its 33rd consecutive quarter of double digit earnings growth.
The company said sales for its first quarter ended Nov. 22 increased 8 percent to $2.3 billion while same store sales increased 4.5 percent. Profits for the period increased 9.3 percent to $238.3 million while earnings per share advanced 15.6 percent to $7.27 and were aided by the company’s repurchase of 571,000 shares.