Sun, Sep 21, 2014, 2:13 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

The Buckle, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • hoopervisor2 hoopervisor2 Nov 7, 2012 2:50 PM Flag

    Special dividend

    The special dividend at $4.50 is double last year's $2.25. BKE's $197 million cash position on July 28 likely has grown by about $40 million in the third quarter (we will know for sure on Nov. 15 third quarter earnings report), plus fourth quarter is off to a good start, with strong same-store sales, up 3.8 percent, for October. A $4.70 payout (including .20 regular divi) will cost about $211 million on 45 million shares outstanding. BKE can easily cover the special divi, no need to carry $300 million in cash on the books at year end, I suspect company will end the year with $80 million to $90 million cash on hand.

    Sentiment: Buy

 
BKE
47.19-0.85(-1.77%)Sep 19 4:05 PMEDT