Fred’s announces increases in cash dividend, share repurchase program
MEMPHIS, Tenn. — Fred’s on Thursday announced an increase in the company’s quarterly cash dividend by 20% to 6 cents per share, and an increase in the company’s stock repurchase program to an additional 3.6 million shares, or 10% of the currently outstanding shares.
"The board is pleased to announce the fourth consecutive year in which we have raised the dividend while successfully executing our share repurchase program," Fred’s chairman Michael Hayes said. "Our decision took into consideration our strong cash flow, the 2012 financial plan and the capital requirements of continued new store and pharmacy growth."
The dividend is payable on March 15 to shareholders of record as of March 1.
‘The Adventures of Tintin’ arrives at retail next month
HOLLYWOOD, Calif. — Paramount Home Media Distribution is bringing a Golden Globe-nominated animated adventure to Blu-ray 3D, Blu-ray and DVD.
"The Adventures of Tintin" — created by Academy Award-winning filmmakers Steven Spielberg and Peter Jackson and includes voice talent from Jamie Bell, Andy Serkis and Daniel Craig — will arrive in these formats next month, along with On Demand and digital download. The three-disc Blu-ray 3D/Blu-ray/DVD combo pack and two-disc Blu-ray/DVD combo pack include more 90 minutes of special features that take viewers behind the scenes with Spielberg and Jackson to discover how the filmmakers brought the characters to life, learn about Tintin’s origins, delve into the design and animation processes, explore the creation of Tintin’s dog Snowy and more. The film also will be available as a single-disc DVD.
All Blu-ray and DVD releases available for purchase will be enabled with UltraViolet, a new way to collect, access and enjoy movies.
"The Adventures of Tintin" will hit retail on March 12.
Lemnis Lighting offers new Pharox LED bulbs
SAN FRANCISCO — Lemnis Lighting has debuted three lines that are part of the company’s Pharox LED replacement bulbs portfolio.
The new products include Pharox BLU, Pharox XL and Pharox PRO. The Pharox BLU line includes 200-lumen and 350-lumen nondimmable bulbs. The XL line is aimed at home and commercial customers and included LED bulbs that tout a 3-year/35,000 hour warranty. Finally, the Energy Star-qualified Pharox PRO bulbs are designed with the commercial and rebate-driven customer in mind and will carry a 5-year replacement guarantee.
For more information about Pharox BLU, Pharox XL, Pharox PRO and other Lemnis Lighting products, visit Pharox-led.com.