The Buckle, Inc. Announces a $2.50 Per Share Special Cash Dividend, a $0.35 Per Share Quarterly Dividend, and Leadership Appointments
December 05 2023 - 6:50AM
Business Wire
The Buckle, Inc. (NYSE: BKE) announced that at its quarterly
meeting of the Board of Directors, held on December 4, 2023, the
Board authorized a $2.50 per share special cash dividend to be paid
to shareholders of record at the close of business on January 12,
2024. 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 12, 2024. Both the $2.50 per share special cash
dividend and the $0.35 per share quarterly dividend ($2.85 per
share in total) are payable on January 26, 2024 and will be paid
together.
The Company also announced the following leadership
appointments, all effective immediately:
- Lanae R. Lang – Vice President of Sales. Lanae has been
employed by Buckle since November 1992 and most recently served as
Regional Manager.
- Kari Anne Nickman – Vice President, Assistant General
Counsel, and Assistant Corporate Secretary. Kari has been
employed by Buckle since July 2011 and most recently served as
Assistant General Counsel and Assistant Corporate Secretary.
- Kevin N. Jennings – Vice President of Marketing. Kevin
was hired as Vice President of Marketing in November 2023 and
brings to Buckle significant digital and marketing experience from
a variety of in-house and agency/consulting roles including most
recently at Abercrombie & Fitch.
Dennis H. Nelson, President and Chief Executive Officer,
commented, “Our outstanding and talented teammates are vital to
Buckle's ongoing success. I am grateful to each of our 9,000
teammates for their hard work and dedication to providing our
guests with the most enjoyable shopping experience possible every
single day. Lanae and Kari are both shining examples of that
commitment. We appreciate the impact they have made for our guests
and teammates during their outstanding careers and look forward to
their continuing leadership. I am also excited to welcome Kevin to
the team and for the leadership and strategic guidance he will
provide for our incredibly talented marketing team."
About Buckle
Buckle is a specialty retailer focused on delivering exceptional
service and style through unforgettable experiences. Offering a
curated mix of high-quality, on-trend apparel, accessories, and
footwear, Buckle is for those living the styled life. 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 447 retail stores in 42 states, which
includes the opening of two new stores last week located in New
Orleans, Louisiana and Athens, Georgia.
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 on The
Buckle, Inc. can be accessed at www.buckle.com
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version on businesswire.com: https://www.businesswire.com/news/home/20231205339157/en/
Thomas B. Heacock, Chief Financial Officer The Buckle,
Inc. (308) 236-8491
Buckle (NYSE:BKE)
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