COLUMBUS, Ohio, Aug. 26, 2016 /PRNewswire/ -- Big Lots, Inc.
(NYSE: BIG) announced today on August 25,
2016 our Board of Directors declared a quarterly cash
dividend of $0.21 per common
share.
The dividend will be paid on September
23, 2016, to shareholders of record as of the close of
business on September 9, 2016.
"I'm pleased with today's announcement of a quarterly dividend
which returns cash to our shareholders to enhance their overall
financial returns," stated David
Campisi, Chief Executive Officer and President of Big Lots.
"We believe this level of commitment demonstrates the confidence
the Board of Directors has in our management team, our strategy,
and our long-term opportunities to drive meaningful operating
profit growth and cash flow."
About Big Lots, Inc.
Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is
a unique, non-traditional, discount retailer operating 1,445 BIG
LOTS stores in 47 states with product assortments in the
merchandise categories of Food, Consumables, Furniture, Seasonal,
Soft Home, Hard Home, and Electronics & Accessories. Our vision
is to be recognized for providing an outstanding shopping
experience for our customers, valuing and developing our
associates, and creating growth for our shareholders. Big Lots
supports the communities it serves through the Big Lots Foundation,
a charitable organization focused on four areas of need: hunger,
housing, healthcare, and education. For more information about the
Company, visit www.biglots.com.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements in this release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, and such statements are
intended to qualify for the protection of the safe harbor provided
by the Act. The words "anticipate," "estimate," "expect,"
"objective," "goal," "project," "intend," "plan," "believe,"
"will," "should," "may," "target," "forecast," "guidance,"
"outlook" and similar expressions generally identify
forward-looking statements. Similarly, descriptions of our
objectives, strategies, plans, goals or targets are also
forward-looking statements. Forward-looking statements relate to
the expectations of management as to future occurrences and trends,
including statements expressing optimism or pessimism about future
operating results or events and projected sales, earnings, capital
expenditures and business strategy. Forward-looking statements are
based upon a number of assumptions concerning future conditions
that may ultimately prove to be inaccurate. Forward-looking
statements are and will be based upon management's then-current
views and assumptions regarding future events and operating
performance, and are applicable only as of the dates of such
statements. Although we believe the expectations expressed in
forward-looking statements are based on reasonable assumptions
within the bounds of our knowledge, forward-looking statements, by
their nature, involve risks, uncertainties and other factors, any
one or a combination of which could materially affect our business,
financial condition, results of operations or liquidity.
Forward-looking statements that we make herein and in other
reports and releases are not guarantees of future performance and
actual results may differ materially from those discussed in such
forward-looking statements as a result of various factors,
including, but not limited to, current economic and credit
conditions, the cost of goods, our inability to successfully
execute strategic initiatives, competitive pressures, economic
pressures on our customers and us, the availability of brand name
closeout merchandise, trade restrictions, freight costs, the risks
discussed in the Risk Factors section of our most recent Annual
Report on Form 10-K, and other factors discussed from time to time
in our other filings with the SEC, including Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. This release should be
read in conjunction with such filings, and you should consider all
of these risks, uncertainties and other factors carefully in
evaluating forward-looking statements.
You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. We undertake
no obligation to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise.
You are advised, however, to consult any further disclosures we
make on related subjects in our public announcements and SEC
filings.
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SOURCE Big Lots, Inc.