|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.7500 - 4.7500|
|52 Week Range||2.0600 - 6.0200|
|Beta (5Y Monthly)||1.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 25, 2020 - Sep 29, 2020|
|Forward Dividend & Yield||0.24 (5.16%)|
|Ex-Dividend Date||Nov 23, 2020|
|1y Target Est||N/A|
bebe stores, inc. (OTCQB:BEBE) (the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share of the Company’s common stock payable December 10, 2020, to shareholders of record as of November 24, 2020. The dividend is primarily based on the cash flow driven by licensing income from the bebe and Brookstone brands through the Company’s ownership interests in the BB Brand Holdings LLC and BKST Brand Management LLC joint ventures, respectively.
Bebe Stores Inc. stock soared more than 35% in Wednesday trading after the women's apparel and accessories brand purchased 47 Buddy's Home Furnishings franchised rent-to-own locations from Franchise Group Inc. for $35 million. The stores are located across the southeastern U.S. The purchase is "materially accretive to Bebe's cash flow over time" and "diversifies Bebe's profit stream over time," according to a statement from Manny Mashouf, chief executive of Bebe. The deal was funded by a 1.5 million primary share purchase by B. Riley Financial Inc. at $5 per share, cash on hand, and a $22 million secured loan. Bebe stock has dropped 17.2% over the year to date while the S&P 500 index is up 10.3% for the period.
The agreement with Buddy’s Home Furnishings allows Bebe to tap into the lucrative home furnishings market.