Men's Wearhouse Increases Quarterly Dividend by 50% to $0.18

Men's Wearhouse (NYSE: MW) announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the Company's common stock, payable on March 23, 2012 to shareholders of record at the close of business on March 13, 2012.

"Our goal is to deliver attractive growth and continued margin expansion while remaining dedicated to a balanced total shareholder return agenda," stated Doug Ewert, Men's Wearhouse president and chief executive officer. "This 50% increase in our dividend by our board reflects this commitment, and demonstrates our belief in our ongoing ability to generate strong and sustainable free cash flow, even in the current market environment."