Tile Shop Holdings, Inc. Declares Special Dividend, Payable on December 3, 2021
November 04, 2021 at 07:00 am EDT
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Tile Shop Holdings, Inc. announced that the Board of Directors of the Company has declared a special dividend of $0.65 per share payable on December 3, 2021 to the Company?s shareholders of record at the close of business on November 19, 2021. After review and consideration of capital allocation alternatives with its financial advisor, the Independent Transaction Committee of the Board has unanimously recommended that the Board approve a special dividend of $0.65 per share, and the members of the Board have unanimously approved this recommendation.
Tile Shop Holdings, Inc. is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The Company offers an assortment of natural stone and man-made tile products. Its natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. The Company's man-made products include ceramic, porcelain, glass, cement, wood look, metal and luxury vinyl tile. The Companyâs assortment of accessories, including mosaics, pencils, listellos, and other products. It also offers a range of setting and maintenance materials, such as thinset, grout, sealers, and accessories, including installation tools, shower and bath shelves, drains, and similar products. The Company also offers customers delivery service through third-party freight providers. The Company sells its products under brand names, including Superior Adhesives & Chemicals, Superior Tools & Supplies, Rush River, and Fired Earth.