Finish Line Declares Quarterly Cash Dividend
January 11 2017 - 12:52PM
Business Wire
Athletic retailer The Finish Line, Inc. (NASDAQ: FINL) announced
today that its board of directors has declared a quarterly cash
dividend of $0.11 per share of outstanding common stock. This
represents a $0.01 per share or 10% increase over the previous
dividend paid by the company. The quarterly cash dividend will be
payable on March 13, 2017 to shareholders of record as of February
24, 2017.
About The Finish Line,
Inc.
The Finish Line, Inc. is a premium retailer of athletic shoes,
apparel and accessories. Headquartered in Indianapolis, Finish Line
has approximately 970 Finish Line branded locations primarily in
U.S. malls and shops inside Macy’s department stores and employs
more than 14,000 sneakerologists who help customers every day
connect with their sport, their life and their style. Online
shopping is available at www.finishline.com and www.macys.com.
Mobile shopping is available at m.finishline.com. Follow Finish
Line on Twitter at Twitter.com/FinishLine or
Twitter.com/FinishLineNews and “like” Finish Line on Facebook at
Facebook.com/FinishLine. Track loyalty points and find store and
product information with the free Finish Line app downloadable for
iOS and Android customers.
Finish Line also operates JackRabbit (previously referred to by
the company as Running Specialty Group), which includes 66
specialty running stores in 17 states and the District of Columbia
under the JackRabbit, The Running Company, Run On!, Blue Mile,
Boulder Running Company, Roncker’s Running Spot, Running Fit, VA
Runner, Capital RunWalk, Richmond RoadRunner, Garry Gribble’s
Running Sports, Run Colorado, Raleigh Running Outfitters, Striders
and Indiana Running Company banners. More information is available
at www.jackrabbit.com or www.boulderrunningcompany.com. Follow the
latest about the brand on Twitter at Twitter.com/JackRabbit or
Instagram via @JackRabbitNYC.
Forward-Looking
Statements
This news release includes statements that are or may be
considered "forward-looking" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements generally
can be identified by the use of words or phrases such as "believe,"
"expect," "future," "anticipate," "intend," "plan," "foresee,"
"may," "should," "will," "estimates," "outlook," "potential,"
"optimistic," "confidence," "continue," "evolve," "expand,"
"growth" or words and phrases of similar meaning. Statements that
describe objectives, plans or goals also are forward-looking
statements.
All of these forward-looking statements are subject to risks,
management assumptions and uncertainties that could cause actual
results to differ materially from those contemplated by the
relevant forward-looking statements. The principal risk factors
that could cause actual performance and future actions to differ
materially from the forward-looking statements include, but are not
limited to, the company's reliance on a few key vendors for a
majority of its merchandise purchases (including a significant
portion from one key vendor); the availability and timely receipt
of products; the ability to timely fulfill and ship products to
customers; fluctuations in oil prices causing changes in gasoline
and energy prices, resulting in changes in consumer spending as
well as increases in utility, freight and product costs; product
demand and market acceptance risks; deterioration of macroeconomic
and business conditions; the inability to locate and obtain or
retain acceptable lease terms for the company's stores; the effect
of competitive products and pricing; loss of key employees;
execution of strategic growth initiatives (including actual and
potential mergers and acquisitions and other components of the
company's capital allocation strategy); cybersecurity risks,
including breach of customer data; a major failure of technology
and information systems; risks associated with any strategic
alternatives carried out with respect to JackRabbit, including any
sale or similar transaction; and the other risks detailed in the
company's Securities and Exchange Commission filings. Readers are
urged to consider these factors carefully in evaluating the
forward-looking statements. The forward-looking statements included
herein are made only as of the date of this report and Finish Line
undertakes no obligation to publicly update these forward-looking
statements to reflect subsequent events or circumstances.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170111005933/en/
The Finish Line, Inc.Media Contact:Dianna L. Boyce,
317-613-6577Corporate CommunicationsorInvestor Contact:Ed
Wilhelm, 317-613-6914Chief Financial Officer
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