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Pier 1 Imports Declares Dividend

Pier 1 Imports (NYSE: PIR  ) is continuing to export some of its money in the form of shareholder payouts. The company has declared a quarterly common stock dividend of $0.05 per share, to be paid on Aug. 7 to shareholders of record as of July 24. That amount matches both of the company's previous two distributions, the most recent of which was paid in early May. Before that, Pier 1 Imports was less generous by a cent, handing out $0.04 per share.

The company reinstated dividend payments last year following a hiatus of more than five years.

The just-declared dividend annualizes to $0.20 per share. That yields 0.9% at Pier 1 Imports' most recent closing stock price of $23.15.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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5/4/2016 3:15 PM
PIR $6.45 Up +0.08 +1.26%
Pier 1 Imports, In… CAPS Rating: **