Annual report pursuant to Section 13 and 15(d)

DIVIDENDS

v3.20.1
DIVIDENDS
12 Months Ended
Feb. 01, 2020
DIVIDENDS  
DIVIDENDS

13.  DIVIDENDS

On September 11, 2019, after extensive review, the Company announced an update to the Company’s capital allocation policy.  Effective in the fourth quarter of fiscal, 2019, our quarterly cash dividend was suspended and the cash was redeployed for accelerated debt reduction and opportunistic share repurchases.  

Cash dividends paid were approximately $28.1 million, $36.9 million and $35.8 million during fiscal 2019, 2018 and 2017, respectively.  In fiscal 2019, a dividend of $0.18 per share was declared in each of the first two quarters, for an annual dividend of $0.36 per share.  In fiscal 2018 and 2017, a dividend of $0.18 per share was declared in each quarter, for an annual dividend of $0.72 per share, respectively.