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Stock Repurchase Program and Cash Dividends
9 Months Ended
Nov. 03, 2018
Stock Repurchase Program and Cash Dividends  
Stock Repurchase Program and Cash Dividends

11. Stock Repurchase Program and Cash Dividends

 

Repurchases of Common Stock

On March 16, 2018, the Company’s Board of Directors approved a program that authorized the repurchase of up to $25.0 million in shares of the Company’s common stock.  During the thirty-nine weeks ended November 3, 2018, the Company repurchased 866,748 shares of its common stock at an aggregate cost of $25.0 million.  At November 3, 2018, there were no additional shares which could be repurchased pursuant to this authorization.  On November 28, 2018, the Company’s Board of Directors approved a program that authorized the repurchase of another $25.0 million in shares of the Company’s common stock.

 

Dividends

On February 13, 2018, the Company’s Board of Directors declared a dividend of $0.08 per common share, which was paid on March 20, 2018 to stockholders of record as of March 6, 2018.  On May 22, 2018, the Company’s Board of Directors declared a dividend of $0.08 per common share, which was paid on June 19, 2018 to stockholders of record as of June 5, 2018.  On August 21, 2018, the Company’s Board of Directors declared a dividend of $0.08 per common share, which was paid on September 18, 2018 to stockholders of record as of September 4, 2018.  On November 28, 2018, the Company’s Board of Directors declared a dividend of $0.08 per common share, payable on December 26, 2018 to stockholders of record as of December 11, 2018.  Any determination to declare and pay cash dividends for future quarters will be made by the Company’s Board of Directors.