Dividends

3 Months Ended

May 04, 2024

Equity [Abstract]

Dividends

Dividends

In June 2021, the Board instituted a recurring quarterly cash dividend. Since inception, our quarterly dividend has been $0.25 per share.

Cash dividends paid were as follows:

	13-Weeks Ended
	May 4, 2024	April 29, 2023
Cash dividends paid (in millions)	$2.9	$3.2
Total paid per share during period	$0.25	$0.25

On March 6, 2024, the Board authorized and declared a quarterly dividend in the amount of $0.25 per share on our common stock, which was paid on April 2, 2024 to stockholders of record as of the close of business on March 21, 2024. The aggregate payment was $2.9 million. Pursuant to the terms and conditions of the Merger Agreement, the Company has agreed to suspend the payment of dividends until the earlier of the consummation of the Merger or the termination of the Merger Agreement (See Note 2, Merger Agreement).