| Manufacturer of uniforms, career apparel and accessories including the stationwear for the fire department |
Superior Uniform Group declares regular quarterly cash dividend and increases stock repurchase authorization to 1,000,000 shares.
Gerald M. Benstock, Chairman of the Board of Superior Uniform Group, Inc., manufacturer of uniforms, career apparel and accessories, announced that the Board of Directors had declared a quarterly dividend of $.135 per share, payable Superior Uniform Group declares regular quarterly cash dividend and increases stock repurchase authorization August 25, 2008, to shareholders of record August 13, 2008.
Michael Benstock, C.E.O., commented: “We are pleased with our continued improvement in our operating results that we reported for the second quarter of 2008 and also are proud to be in our 32nd consecutive year of paying dividends. We are optimistic about our prospects and we believe our stock continues to be undervalued. The Board has reaffirmed its commitment to the outstanding stock repurchase program and has increased the shares available to repurchase. The previous authorization of 750,000 shares had approximately 125,000 shares remaining. The Board has increased the outstanding authorization to allow for the repurchase of 1,000,000 additional shares of stock.”