Family Dollar Stores today said its board of directors has declared a regular quarterly cash dividend of 18 cents a share on the company’s common stock.
The dividend is payable April to shareholders of record at the close of business March 15.
The dividend is 16.1 percent higher than the previous quarterly cash dividend of 15 cents per share, the company said.
Based in Matthews, Family Dollar began in Charlotte in 1959. The Fortune 500 company operates more than 6,800 stores in 44 states.