COLUMBUS, Ohio, Aug. 25,
2022 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today
announced that on August 23, 2022 the
Board of Directors declared a quarterly cash dividend of
$0.30 per common share for the third
quarter of fiscal 2022.
The dividend will be paid on September
23, 2022, to shareholders of record as of the close of
business on September 9, 2022.
About Big Lots, Inc.
Headquartered in Columbus,
Ohio, Big Lots, Inc. (NYSE: BIG) is a leading home discount
retailer operating 1,444 stores in 48 states, as well as a
best-in-class ecommerce platform with expanded capabilities via
BOPIS, curbside pickup, Instacart and same day delivery across
thousands of items. The company's product assortment is focused on
home essentials: Furniture, Seasonal, Soft Home, Food, Consumables
and Hard Home. Ranked one of the fastest-growing eCommerce
businesses by Digital Commerce 360 and the recipient of Home
Textiles Today's 2021 Retail Titan Award, Big Lots' mission is to
help people Live BIG and Save Lots. The company strives to be the
BIG difference for a better life by delivering exceptional value to
customers through the ultimate treasure hunt shopping experience,
building a "best places to grow" culture, rewarding shareholders
with consistent growth and top-tier returns and doing good in local
communities. For more information about the company,
visit 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," "approximate,"
"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 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 the company believes the expectations
expressed in forward-looking statements are based on reasonable
assumptions within the bounds of knowledge, forward-looking
statements, by their nature, involve risks, uncertainties and other
factors, any one or a combination of which could materially affect
business, financial condition, results of operations or
liquidity.
Forward-looking statements that the company makes 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, developments related to the COVID-19
coronavirus pandemic, current economic and credit conditions, the
cost of goods, the inability to successfully execute strategic
initiatives, competitive pressures, economic pressures on customers
and the company, the availability of brand name closeout
merchandise, trade restrictions, freight costs, the risk that the
company is unable to refinance or replace its $600 million five-year unsecured credit facility
or amend the synthetic lease for its distribution center in
Apple Valley, California as
contemplated by the consent letters entered into by the company
with respect to the credit facility and synthetic lease, the risks
discussed in the Risk Factors section of the company's most recent
Annual Report on Form 10-K, and other factors discussed from time
to time in 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. The company
undertakes 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 the company makes on related subjects in public
announcements and SEC filings.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/big-lots-announces-quarterly-dividend-on-common-shares-301611992.html
SOURCE Big Lots, Inc.