Chico's FAS Cash Dividend Offers 3.0% Yield

Chico's FAS, Inc. CHS disclosed that its Board declared a quarterly cash dividend of $0.08 per share of its common stock. According to the company, it represented a 3.2 percent increase over the dividend rate from September 2015. The dividend provided a yield of 3.0 percent, which was better than the five-year average yield of 1.8 percent.

Chico's FAS said the dividend is payable on September 26 to its shareholders of record at the close of business on September 12.

For five straight years, the company has been increasing its dividend rate. While the five-year average dividend pace was 12.24 percent, the three-year dividend growth rate was 14.15 percent.