Chico's FAS Declares Fresh Dividend

By Eric Volkman – Apr 12, 2013 at 12:00AM

NYSE: CHS

Chico's Fas

The women's apparel retailer keeps its payout steady.

Chico's FAS (CHS) is doling out a new shareholder payout. The company announced that it will distribute a dividend of $0.055 per share of its common stock on July 1 to shareholders of record as of June 17. Although that amount matches the previous disbursement made last month, the firm pointed out that it is nearly 5% higher than the June 2012 dividend. That payment was $0.0525 per share.

Chico's FAS has handed out a distribution every quarter since launching such payments in early 2010.

The new dividend annualizes to $0.22 per share. That yields 1.2% at the company's current stock price of $17.97.

Fool contributor Eric Volkman has no position in Chico's FAS, and neither does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.