U.S. Markets closed

Stage Stores boosts dividend by 25 percent

HOUSTON (AP) -- Stage Stores is raising its quarterly dividend by 25 percent to 12.5 cents per share from 10 cents per share.

The department store operator said Monday that the new rate will be paid on dividends declared by the board starting May 23.

Last month Stage Stores reported fourth-quarter earnings that missed Wall Street's view, but its revenue topped analysts' estimates. It also issued a 2013 revenue forecast below Wall Street's expectations.

Stage Stores Inc., which is based in Houston, has 864 stores in 40 states under the Bealls, Goody's, Palais Royal, Peebles, Stage and Steele's names.

Stage Stores shares finished at $26.85 on Friday. Its shares have traded in a 52-week range of $14.09 to $27.50.