Hibbett launches quarterly cash dividend

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Hibbett Inc. announced that its board of directors declared an initial quarterly dividend of 25 cents per share on the company’s common stock. The launch of the company’s first ongoing dividend program reflects the growth of the company and its commitment to delivering long-term shareholder value.

Anthony Crudele, Chairman of the Board, said: “The decision to initiate a quarterly cash dividend is the result of the board’s confidence in the financial strength of the company and its ability to generate strong cash flow from the board. ‘exploitation. A quarterly cash dividend, in addition to the recently expanded share repurchase authority, demonstrates the Company’s commitment to delivering value to shareholders while managing the balance sheet prudently.

Mike Longo, President and CEO, added, “We appreciate the support of the Board of Directors in establishing a quarterly cash dividend program. We are confident in our ability to execute our strategic plan as we grow our store base and continue to deliver compelling products and excellent service to our customers. We have built great momentum and believe that we have positioned the company very well for the future. “

The declared cash dividend of $ 0.25 will be paid on July 20, 2021 to shareholders of record at the close of business on July 8, 2021.


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