16.01.2014 19:37:40

Family Dollar Boosts Quarterly Dividend 19.2%

(RTTNews) - Family Dollar Stores, Inc. (FDO) said Thursday that its Board of Directors has increased the amount of the regular quarterly dividend payment to $0.31 per share, an increase of 19.2% from the preceding quarterly cash dividend of $0.26 per share.

The increase will be effective with the declaration of the next quarterly dividend.

Howard Levine, Family Dollar Chairman and CEO, said, "Our Board's decision to maintain our remarkable record of 38 consecutive years of dividend increases shows their unwavering commitment to shareholders, and the increase of 19.2% reflects our confidence in the Company's long-term growth potential and in our ability to deliver stronger financial returns."

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