JOANN Inc. Announces Dividend in First Quarter Return to Public Market
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.
News Market Reaction – JOAN
On the day this news was published, JOAN gained 8.04%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
FAQ
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