Bebe stores, inc. Declares Increase Quarterly Cash Dividend, Payable on September 24, 2021
August 26, 2021 at 09:01 am EDT
Share
The Board of Directors of bebe stores, inc. has authorized and declared an increase to the company’s quarterly cash dividend on the company’s common stock to $0.15 per share from the previous quarterly dividend of $0.06 per share implemented during the second quarter of 2020. The quarterly dividend is payable September 24, 2021, to shareholders of record as of September 10, 2021.
bebe stores, inc. is primarily engaged in the business of operating retail rent-to-own franchise stores. The Company's rent-to-own Buddy's franchise stores offer furniture, appliances, and consumer electronics to consumers through rent-to-own agreements. The Company leases space for all of its Buddy's franchise stores under operating leases. It offers various product categories, including Featured, New, Clothing, Dresses, Denim, Shoes, and Accessories. Its Featured category includes Bandage Dresses, Bridal, Fall, and Halloween, among others. Its Clothing category includes Tops, Bottoms, Denim, Jackets, and Activewear, among others. Its Dresses category consists of Bandage Dresses, Bodycon Dresses, Denim Dresses, Little Black Dresses, Logo Dresses, Mini Dresses, Midi Dresses, Maxi Dresses, and others. Its Accessories include Bags, Belts, Hats, Shoes, Sunglasses, Watches. The Company operates approximately 64 stores in 12 states in the southeastern United States.