Hot Topic Boosts Dividend by 14%

The company's Board authorized an increase in the regular quarterly dividend to $0.08 per share from $0.07 per share, a 14% increase. Lisa Harper, Chief Executive Officer, commented, "By increasing our quarterly dividend, our Board of Directors has demonstrated its confidence in our strategic direction and our ability to execute to our plan. The strength of our balance sheet and the substantial free cash flow generated by our business provide us with the financial flexibility to return capital to our shareholders in this manner."