Express, Inc Declares Special Dividend of $.56

Express, Inc. EXPR announced today that its Board of Directors declared a special dividend of $0.56 per share, totaling $50 million. The special dividend will be paid on December 23, 2010 to shareholders of record at the close of business on December 16, 2010. In conjunction with this approval the Board of Directors also authorized a debt reduction of up to $25 million.