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Tilly's announces special cash dividend

By Prachi Singh

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Tilly’s Inc. has declared a special cash dividend of 1 dollar per share, or approximately 29.5 million dollars in the aggregate, on the company’s outstanding Class A and Class B common stock. This one-time, special dividend, the company said in a statement, is payable on February 27, 2019 to stockholders of record at the close of business on February 15, 2019.

“We are pleased that our operating results and cash generation have allowed us to provide a direct return to our shareholders via a special dividend for the third consecutive year,” said Edmond Thomas, President and Chief Executive Officer of Tilly’s.

For its third quarter, the company reported net sales of 146.8 million dollars, a decrease of 6 million dollars or 3.9 percent, while comparable store net sales, including e-commerce, increased 4.3 percent

Tilly's