American Eagle Outfitters (NYSE: AEO) announced that its Board of Directors has updated the record and payment dates of the previously-deferred first quarter 2020 cash dividend, which originally was declared on March 26, 2020 and deferred on April 2, 2020 in response to store closures resulting from the COVID-19 pandemic. The $0.1375 per share cash dividend is now payable on December 30, 2020 to stockholders of record at the close of business on December 16, 2020.

Jay Schottenstein, Executive Chairman of the Board and Chief Executive Officer commented, “In light of a strong third quarter and the significant progress we’ve made to strengthen our financial liquidity after the onset of COVID-19, we are pleased to pay our deferred first quarter dividend before the close of 2020. We have a long track record of consistent shareholder returns, and I look forward to reinstating our regular quarterly cash dividend and share repurchase program once business visibility improves.”