American Eagle Outfitters Inc.
) recently announced a regular cash dividend of 12.5 cents per
share, up from its first-quarter fiscal 2013 dividend of 11 cents
that was paid in Dec 2012. epresents ing an increase of 14% from
the last dividend, this marks the company's fifth dividend hike
since 2004. The previous increase in the company's dividend was
in Jun 2010.
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The company has a long track record of consistently paying
quarterly dividends for more than 8 years. This dividend
announcement marks the company's 36th consecutive quarterly
The increased dividend will be paid on Jul 12, 2013 to
shareholders of record as of Jul 1, 2013. This brings the
company's annualized dividend rate to 50 cents per share, with
the current annualized dividend yield coming to approximately
The increase in the quarterly dividend rate reflects American
Eagle's commitment to its shareholders to keep enhancing dividend
at a reasonably steady pace. The announcement was primarily aided
by the company's sound financial position and defined future
American Eagle's financial position remained quite strong as of
the end of the first quarter of fiscal 2013. The company ended
the first quarter with cash and short-term investments of $496.2
million and long-term debt of $69.4 million.
The news instilled a reasonable momentum to the stock, as the
share price of this Zacks Rank #3 (Hold) company gained 2.1% or
41 cents to close at $19.76 on Thursday.
Other companies, which recently increased quarterly dividend,
The Clorox Company
) by 11% to 71 cents,
Tiffany & Company
) by 6% to 34 cents, and
) by 9% to 49 cents.