Categories: Bookstores

B&N Maintains Dividend; Riggio Buys a Million Shares

From Shelf Awareness:

Barnes & Noble has declared another quarterly dividend of 15 cents a share, maintaining its annual dividend rate of 60 cents a share at a time when some observers had speculated that the company might have to lower or suspend the dividend because of declining revenues.

. . . .

[F]ounder and chairman Len Riggio bought a million shares of company stock last Friday at $6.8027 a share.

Link to the rest at Shelf Awareness

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View Comments (2)

  • If Riggio's now at 19%, he must have some like-minded friends or they could have vetoed his actions before.

    • You’d be surprised how little stock ownership it can take to keep effective control of a company’s management.