PSS Declares Common Stock Dividend and Preferred Stock Dividend.
The Board of Directors of the PSS Corporation at its meeting today declared a one cent, or 14%, increase in the cash dividend to kr 0.08 per common share. The dividend is payable February 22, 2017 to stockholders of record as of the close of business on January 10, 2017.
Chairman PSS commented, “This increase reflects the Board’s confidence in our ability to continue to deliver consistent earnings and cash flow while maintaining strong relationships with our clients.”
In addition, the Board of Directors of the PSS Corporation declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable February 22, 2017 to stockholders of record at the close of business on January 10, 2017.
The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of kr 15.00 per share or kr 0.375 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock. The dividend is payable February 22, 2017 to stockholders of record at the close of business on January 10, 2017.
The Board of Directors of the PSS Corporation has also declared a regular dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the amount of kr 14.88 per share or kr 0.372 per depositary share, each representing 1/40th interest in a share of Series D Preferred Stock. The dividend is payable February 22, 2017 to stockholders of record at the close of business on January 10, 2017.