Stein Mart to pay cash dividend; Stock sets record high on cusp of good news
Topic 1 Florida Times-Union (Jacksonville)Stein Mart to pay cash dividend; Stock sets record high on cusp of good newsMay 20, 2005 FridayMARK BASCHStein Mart Inc. Thursday announced it will begin paying a cash dividend in June, the first dividends since the Jacksonville-based fashion retailer went public in 1992.The company also announced first quarter earnings that were higher than the company predicted just two weeks ago and projected second-quarter earnings will be better than analysts' forecasts.All that good news sent Stein Mart's stock to a record high Thursday.
