Finish Line Declares Quarterly Cash Dividend
January 17 2018 - 12:25PM
Business Wire
Athletic retailer The Finish Line, Inc. (NASDAQ: FINL) announced
today that its board of directors has declared a quarterly cash
dividend of $0.115 per share of outstanding common stock. This
represents a $0.005 per share or 5% increase over the
previous dividend paid by the company. The quarterly cash dividend
will be payable on March 19, 2018 to shareholders of record as of
March 2, 2018.
“This dividend increase demonstrates our continued commitment to
deliver value to our shareholders over the long-term through our
growth strategies and disciplined expense management,” said Sam
Sato, Chief Executive Officer of Finish Line.
About The Finish Line, Inc.
The Finish Line, Inc. is a premium retailer that carries the
latest and greatest shoes, apparel, and accessories. Headquartered
in Indianapolis, Finish Line runs approximately 950 branded
locations in U.S. malls and shops inside Macy’s department stores.
Finish Line employs more than 14,000 associates who connect
customers to sneaker culture through style and sport. Shop online
at www.finishline.com or get access to everything on the Finish
Line app. Also keep track of what’s fresh by following Finish Line
on Instagram, Snapchat, and Twitter.
Forward-Looking Statements
This news release includes statements that are or may be
considered “forward-looking” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements generally
can be identified by the use of words or phrases such as “believe,”
“expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,”
“may,” “should,” “will,” “estimates,” “outlook,” “potential,”
“optimistic,” “confidence,” “continue,” “evolve,” “expand,”
“growth,” or words and phrases of similar meaning. Statements that
describe objectives, plans, or goals also are forward-looking
statements.
All of these forward-looking statements are subject to risks,
management assumptions, and uncertainties that could cause actual
results to differ materially from those contemplated by the
relevant forward-looking statements. The principal risk factors
that could cause actual performance and future actions to differ
materially from the forward-looking statements include, but are not
limited to, the company’s reliance on a few key vendors for a
majority of its merchandise purchases (including a significant
portion from one key vendor); the availability and timely receipt
of products; the ability to timely fulfill and ship products to
customers; fluctuations in oil prices causing changes in gasoline
and energy prices, resulting in changes in consumer spending as
well as increases in utility, freight, and product costs; product
demand and market acceptance risks; deterioration of macroeconomic
and business conditions; the inability to locate and obtain or
retain acceptable lease terms for the company’s stores; the effect
of competitive products and pricing; loss of key employees;
execution of strategic growth initiatives (including actual and
potential mergers and acquisitions and other components of the
company’s capital allocation strategy); cybersecurity risks,
including breach of customer data; the potential impact of
legal or regulatory changes, including the potential impact of tax
reform legislation; a major failure of technology and
information systems; and the other risks detailed in the company’s
Securities and Exchange Commission filings. Readers are urged to
consider these factors carefully in evaluating the forward-looking
statements. The forward-looking statements included herein are made
only as of the date of this report and Finish Line undertakes no
obligation to publicly update these forward-looking statements to
reflect subsequent events or circumstances.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180117006124/en/
Media Contact:Dianna L. Boyce, 317-613-6577Corporate
CommunicationsorInvestor Contact:Ed Wilhelm,
317-613-6914Chief Financial Officer
The Finish Line, Inc. (delisted) (NASDAQ:FINL)
Historical Stock Chart
From Mar 2024 to Apr 2024
The Finish Line, Inc. (delisted) (NASDAQ:FINL)
Historical Stock Chart
From Apr 2023 to Apr 2024