JOANN Inc. Announces Dividend in First Quarter Return to Public Market
The Board of Directors of JOANN (NASDAQ: JOAN) has announced a quarterly dividend of 10 cents per common share, marking the company's first dividend since its listing on NASDAQ on March 12, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of JOANN (NASDAQ: JOAN) has announced a quarterly dividend of 10 cents per common share, marking the company's first dividend since its listing on NASDAQ on March 12, 2021. The dividend will be paid on June 25, 2021 to shareholders of record by June 11, 2021. JOANN has grown to 855 stores across 49 states and has established itself as a leader in the arts and crafts industry, focusing on inspiring creativity among its customers.
Positive
- First quarterly dividend declared at 10 cents per share.
- Demonstrates financial confidence as a publicly listed company.
Negative
- None.
Details
News Market Reaction – JOAN
The recorded move for JOAN in the trading session of this news was +8.04%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HUDSON, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of JOANN (NASDAQ: JOAN) has declared a quarterly dividend of 10 cents per common share.
The dividend is payable June 25, 2021 to shareholders of record at the close of business June 11, 2021. The 1st Quarter dividend will be the company's first since it listed on NASDAQ on March 12 of this year.
About JOANN
For more than 75 years, JOANN has inspired creativity in the hearts, hands, and minds of its customers. From a single storefront in Cleveland, Ohio, the nation’s category leader in sewing and fabrics and one of the fastest growing competitors in the arts and crafts industry has grown to include 855 stores across 49 states and robust e-commerce business. With the goal of helping every customer find their creative Happy Place, JOANN serves as a convenient single source for all of the supplies, guidance, and inspiration needed to achieve any project or passion.
Investor Relations Contacts:
Ajay Jain
Ajay.Jain@joann.com
330-463-8585
Tom Filandro; ICR, Inc.
JoannIR@icrinc.com
646-277-1235
Corporate Communications:
Amanda Hayes
amanda.hayes@joann.com
216-296-5887
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