GREENWICH, Conn., March 15, 2012 /PRNewswire/ -- Blyth, Inc.
(NYSE: BTH), a direct to consumer company and leading designer and
marketer of candles, accessories for the home and wellness
products, today announced that it has declared a semi-annual cash
dividend of $0.15 per share on the
Company's common stock for the six months ended December 31, 2011. This represents a 50%
increase to the dividend paid in the comparable prior year
period. The semi-annual dividend, authorized at the
March 15, 2012 Board of Directors
meeting, will be payable to shareholders of record as of
April 2, 2012 and will be paid on
April 16, 2012.
Commenting on the increase, Robert B.
Goergen, Blyth's Chairman of the Board and Chief Executive
Officer, said, "An increase in Blyth's semi-annual dividend is
warranted given our strong balance sheet and healthy cash flow
projections. The strength of Blyth's direct-to-consumer model
supports our dividend strategy as one of several important methods
used to increase shareholder value."
Blyth, Inc., headquartered in Greenwich, CT, USA, is a direct to consumer
business focused on direct selling and direct marketing
channels. We design and market home fragrance products and
decorative accessories, as well as weight management products,
nutritional supplements and energy drink mixes. These
products are sold through Direct Selling from the home party plan
method and network marketing. The Company also designs and markets
household convenience items and personalized gifts through the
catalog/internet channel, as well as tabletop lighting and chafing
fuel for the foodservice trade. The Company manufactures most
of its candles and chafing fuel and sources nearly all of its other
products. Its products are sold direct to the consumer under
the PartyLite®, Two Sisters Gourmet® by PartyLite and ViSalus
Sciences® brands, to consumers in the catalog/Internet channel
under the As We Change®, Miles Kimball®, Exposures®, Walter Drake®
and Easy Comforts®, and to the Foodservice industry under the
Sterno®, Ambria® and HandyFuel® brands. In Europe, Blyth's
products are also sold under the PartyLite brand.
Blyth, Inc. may be found on the Internet at www.blyth.com.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance and underlying assumptions and other statements that
are other than statements of historical facts. Actual results
could differ materially due to various factors, including the
slowing of the United States or
European economies or retail environments, the risk that we will be
unable to maintain our historic growth rate, our ability to respond
appropriately to changes in product demand, the risk that we will
be unable to integrate the businesses that we acquire into our
existing operations, the risks (including foreign currency
fluctuations, economic and political instability, transportation
delays, difficulty in maintaining quality control, trade and
foreign tax laws and others) associated with international sales
and foreign sourced products, risks associated with our ability to
recruit new independent sales consultants, our dependence on key
corporate management personnel, risks associated with the sourcing
of raw materials for our products, competition in terms of price
and new product introductions, risks associated with our
information technology systems (including, susceptibility to
outages due to fire, floods, power loss, telecommunications
failures, computer viruses, break-ins and similar events) and other
factors described in this press release and in the Company's most
recently filed Annual Report on Form 10-K.
SOURCE Blyth, Inc.