The Buckle, Inc. Announces a $2.65 Per Share Special Cash Dividend, a $0.35 Per Share Quarterly Dividend, and the Election of Shruti S. Joshi to the Company’s Board of Directors
December 06 2022 - 6:50AM
Business Wire
The Buckle, Inc. (NYSE: BKE) announced that at its quarterly
meeting of the Board of Directors, held on December 5, 2022, the
Board authorized a $2.65 per share special cash dividend to be paid
to shareholders of record at the close of business on January 13,
2023. The Board also authorized a $0.35 per share quarterly
dividend to be paid to shareholders of record at the close of
business on January 13, 2023. Both the $2.65 per share special cash
dividend and the $0.35 per share quarterly dividend ($3.00 per
share in total) are payable on January 27, 2023 and will be paid
together.
The Company also announced that the Board of Directors elected
Shruti S. Joshi as a member of the Company’s Board of Directors,
effective immediately. Ms. Joshi currently serves as Chief
Operating Officer for Facet Wealth, a position she has held since
August 2021. In this role, she is responsible for continuing Facet
Wealth’s growth by overseeing its overall go-to market strategy,
defining and leading its unique end-to-end client experience, and
helping to define new revenue stream opportunities. Facet Wealth is
a rapidly growing fintech company offering unbiased, personalized
financial advice and services at an affordable subscription fee.
Prior to joining Facet Wealth, Ms. Joshi was an equity partner at
Altman Vilandrie & Company, now Altman Solon, where she built
and ran the firm’s Marketing ROI Practice. Prior to that, she was
an executive at Verizon Communications, where she led new
acquisition growth for consumer FiOS and core network products.
About Buckle
Offering a unique mix of high-quality, on-trend apparel,
accessories, and footwear, Buckle caters to fashion-conscious young
men and women. Known as a denim destination, each store carries a
wide selection of fits, styles, and finishes from leading denim
brands, including the Company’s exclusive brand, BKE. Headquartered
in Kearney, Nebraska, Buckle currently operates 441 retail stores
in 42 states.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: All forward-looking statements made by the
Company involve material risks and uncertainties and are subject to
change based on factors which may be beyond the Company's control.
Accordingly, the Company’s future performance and financial results
may differ materially from those expressed or implied in any such
forward-looking statements. Such factors include, but are not
limited to, those described in the Company’s filings with the
Securities and Exchange Commission. The Company does not undertake
to publicly update or revise any forward-looking statements even if
experience or future changes make it clear that any projected
results expressed or implied therein will not be realized.
News releases and other information about The
Buckle, Inc., can be found on the Internet at www.buckle.com
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version on businesswire.com: https://www.businesswire.com/news/home/20221206005330/en/
Thomas B. Heacock, Chief Financial Officer The Buckle,
Inc. (308) 236-8491
Buckle (NYSE:BKE)
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