Company Holds Annual Meeting of Stockholders
PLANO, Texas--(BUSINESS WIRE)--May. 15, 2009--
J. C. Penney Company, Inc. (NYSE:JCP) announced today that its Board of
Directors declared a quarterly dividend of $0.20 per share on the
Company’s common stock. The dividend is payable Aug. 3, 2009, to Company
stockholders of record at the close of business on July 10, 2009.
In addition, JCPenney held its Annual Meeting of Stockholders today at
the Company’s Home Office in Plano, Texas. At the meeting, Company
stockholders re-elected all 12 directors for a one-year term and
ratified the appointment of KPMG LLP as independent auditor for the
fiscal year ending Jan. 30, 2010. Stockholders also approved the
Company’s 2009 Long-Term Incentive Plan and rejected a stockholder
proposal regarding adoption of principles for health care reform.
JCPenney is one of America's leading retailers, operating 1,101
department stores throughout the United States and Puerto Rico, as well
as one of the largest apparel and home furnishing sites on the Internet,
jcp.com, and the nation's largest general merchandise catalog business.
Through these integrated channels, JCPenney offers a wide array of
national, private and exclusive brands which reflect the Company's
commitment to providing customers with style and quality at a smart
price. Traded as "JCP" on the New York Stock Exchange, the Company
posted revenue of $18.5 billion in 2008 and is executing its strategic
plan to be the growth leader in the retail industry. Key to this
strategy is JCPenney's "Every Day Matters" brand positioning, intended
to generate deeper, more emotionally driven relationships with customers
by fully engaging the Company's approximately 150,000 Associates to
offer encouragement, provide ideas and inspire customers every time they
shop with JCPenney.
Source: J. C. Penney Company, Inc.
J. C. Penney Company, Inc.
Phil Sanchez, 972-431-5575
Darcie Brossart, 972-431-3400