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Family Dollar increases dividend
New York -- Family Dollar on Friday increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.
In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.
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Urban Outfitters, Westfield, N.J.
Urban Outfitters brings its urban style and eclectic stylings to the heart of suburbia, opening a location in the upscale and shopper-friendly town of Westfield, N.J. The three-story store spans over 12,000 sq. ft. and is located in a decades-old building that formerly housed a bank, but had been vacant for 25 years. The building was revamped, but the integrity of the original design remains intact.