Men’s Wearhouse Announces 50% Increase in Regular Quarterly Dividend – MarketWatch (press release)
by Admin on January 25th, 2012 // Filed Under → Uncategorized
HOUSTON, Jan. 19, 2012 /PRNewswire via COMTEX/ — Men’s Wearhouse /quotes/zigman/233713/quotes/nls/mw MW -1.41% announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share at the Company’s common stock, payable on March 23, 2012 to shareholders of record on the close of commercial on March 13, 2012.
“Our goal is to deliver attractive growth and continued margin expansion while remaining devoted to a balanced total shareholder return agenda,” stated Doug Ewert, Men’s Wearhouse president and chief executive officer. “This 50% increase in our dividend by our board reflects this commitment, and demonstrates our belief in our ongoing ability to generate strong and sustainable free cash flow, even within the current market environment.”
Founded in 1973, Men’s Wearhouse is one in all North America’s largest specialty retailers of men’s apparel with 1,175 stores. The Men’s Wearhouse, Moores and K&G stores carry an entire number of men’s designer, brand name and personal label suits, sport coats, furnishings and accessories and Men’s Wearhouse and Tux stores carry a limited selection. K&G stores carry an entire number of women’s apparel. Tuxedo rentals are available the Men’s Wearhouse, Moores and Men’s Wearhouse and Tux stores. Additionally, Men’s Wearhouse operates a world corporate apparel and workwear group together with Twin Hill within the U.s.a. and Dimensions and Alexandra within the Uk.
This press release contains forward-looking information. The forward-looking statements are made pursuant to the Safe Harbor provisions of the non-public Securities Litigation Reform Act of 1995. These forward-looking statements could be significantly impacted by different factors, including sensitivity to economic conditions and consumer confidence, possibility of limited ability to expand Men’s Wearhouse stores, possibility that certain of our expansion strategies may present greater risks, changes in foreign currencies rates and other factors described within the Company’s annual report on Form 10-K for the fiscal year ended January 29, 2011 and subsequent Forms 10-Q.
For additional info on Men’s Wearhouse, please visit the Company’s websites at www.menswearhouse.com , www.kgstores.com , www.mooresclothing.com , www.dimensions.co.uk , www.alexandra.co.uk and www.twinhill.com .
Contacts:
Neill Davis, Men’s Wearhouse (281) 776-7000Ken Dennard, DRG&L (713) 529-6600
SOURCE Men’s Wearhouse
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Jan. 20, 2012 12:03p
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