Children's Place Board Approves $250 Mln Share Buyback; Lifts Dividend

(RTTNews) - While reporting its fourth-quarter financial results today, Children's Place, Inc. (PLCE), said its board of directors has approved a new $250 million share repurchase program and also increased the company's quarterly dividend to $0.40 per share from $0.20 per share.

The Board declared a quarterly cash dividend of $0.40 per share to be paid May 1, 2017 to shareholders of record at the close of business on April 10, 2017.

Jane Elfers, President and Chief Executive Officer, said, "Since 2009, we have returned over $790 million to shareholders through share repurchases and dividends. The significant increase in our quarterly dividend brings our annual dividend yield more in line with that of our specialty peers."