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Tilly’s, Inc. Declares Special Dividend of $1.00 Per Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Tilly’s, Inc. (NYSE:TLYS, the “Company”) announced today that its Board of Directors has declared a special cash dividend of $1.00 per share, or up to approximately $31 million in the aggregate, on the Company’s outstanding Class A and Class B common stock. This one-time, special dividend is payable on July 9, 2021 to stockholders of record at the close of business on June 25, 2021. The Company cannot guarantee any future dividends. The declaration and payment of future dividends, if any, will be at the sole discretion of the Company’s Board of Directors based on its consideration of various factors, including the Company’s operating results, financial condition, and anticipated capital requirements.
“We are pleased that our operating results and cash generation amid the pandemic have allowed us to provide another direct return to our stockholders via a special dividend for the fifth consecutive year,” commented Edmond Thomas, President and Chief Executive Officer.
About Tillys
Tillys is a leading specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive assortment of iconic global, emerging and proprietary brands rooted in an active and social lifestyle. Tillys is headquartered in Irvine, California and currently operates 244 stores and its website, www.tillys.com.
tillys is a leading specialty retailer in the action sports industry selling clothing, shoes, and accessories. we opened our first store in southern california in 1982 and have grown to 220 stores in 33 states. tillys offers one of the largest assortments of brands and merchandise from the top players in the surf, skate, motocross and lifestyle apparel industries available both in stores and online at tillys.com. our knowledge of ever-evolving trends and our access to the most popular brands allows us to have an unparalleled assortment of merchandise. our selection and the look and feel of our stores are distinct and create a shopping experience that is unique, creative and fun.