The Buckle Inc (BKE) will raise its quarterly dividend by 20.0 percent to 30 cents per share, marking the first dividend hike since 2015. Also a special dividend of $1.25 per share will be paid next year, following a $1.00 per share special dividend payment announced in 2018.

Both the $1.25 per share special cash dividend and the $0.30 per share regular quarterly dividend are payable on January 24, 2020 and will be paid together. A regular annualized dividend rate of $1.20 per share yields 4.5% at a stock price of $26.78.

The Buckle, Inc. is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a guest loyalty program.