Fred's, Inc. FRED today announced two important measures that
further the Company's efforts to enhance shareholder value.
Fred's Board of Directors has increased the Company's quarterly cash dividend
20% to $0.06 per share from the previous rate of $0.05 per share. The dividend
is payable on March 15, 2012, to shareholders of record as of March 1, 2012.
Fred's Board also authorized the expansion of the Company's existing stock
repurchase program by increasing the authorization to repurchase an additional
3.6 million shares or approximately 10% of the currently outstanding shares.
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