Build-A-Bear Workshop, Inc. announced that its Board of Directors approved a new quarterly dividend program to evolve its strategic use of capital. The Board of Directors declared an initial quarterly cash dividend of $0.20 per share. The dividend will be paid on April 11, 2024, to all stockholders of record as of March 28, 2024.

The Company intends to pay dividends quarterly in the future, subject to market conditions and approval by the Board of Directors.