HOUSTON, Jan. 27 /PRNewswire-FirstCall/ -- Men's Wearhouse (NYSE: MW) announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's common stock, payable on March 26, 2010 to shareholders of record at the close of business on March 16, 2010.
Neill Davis, executive vice president and chief financial officer, stated, "A regular review of our dividend is an essential component of our company's capital allocation strategy, and we are pleased to announce that we are raising our quarterly dividend to $0.10 per share. This 25% increase reflects our continued significant cash generation capabilities and our ongoing commitment to enhancing total returns for our shareholders."
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,271 stores. The Men's Wearhouse, Moores and K&G stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories and Men's Wearhouse and Tux stores carry a limited selection. Tuxedo rentals are available in the Men's Wearhouse, Moores and Men's Wearhouse and Tux stores.
For additional information on Men's Wearhouse, please visit the company's website at www.menswearhouse.com.
CONTACT: Neill Davis, EVP & CFO, Men's Wearhouse (281) 776-7000 Ken Dennard, DRG&E (713) 529-6600
SOURCE Men's Wearhouse
Released January 27, 2010