Bebe Stores, Inc. Declares Quarterly Cash Dividend, Payable on September 23, 2019
August 26, 2019 at 09:00 am EDT
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bebe stores, inc. announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share of the Company’s common stock payable on September 23, 2019 to shareholders of record as of September 6, 2019. This represents a 36% increase from the prior dividend of $0.125 per share. The quarterly dividend increase was primarily driven by the continued solid performance of the bebe brand licensing business combined with the contribution of licensing income from the acquisition of a joint venture interest in the Brookstone brand which occurred October 29, 2018.
bebe stores, inc. is primarily engaged in the business of operating retail rent-to-own franchise stores. The Company's rent-to-own Buddy's franchise stores offer furniture, appliances, and consumer electronics to consumers through rent-to-own agreements. The Company leases space for all of its Buddy's franchise stores under operating leases. It offers various product categories, including Featured, New, Clothing, Dresses, Denim, Shoes, and Accessories. Its Featured category includes Bandage Dresses, Bridal, Fall, and Halloween, among others. Its Clothing category includes Tops, Bottoms, Denim, Jackets, and Activewear, among others. Its Dresses category consists of Bandage Dresses, Bodycon Dresses, Denim Dresses, Little Black Dresses, Logo Dresses, Mini Dresses, Midi Dresses, Maxi Dresses, and others. Its Accessories include Bags, Belts, Hats, Shoes, Sunglasses, Watches. The Company operates approximately 64 stores in 12 states in the southeastern United States.
BEBE STORES, INC. 
