Barnes And Noble-Dividend May Boost-Investor Confidence

February 19, 2009
Written by

MAIN NEWS HEADLINES
February 19 – February 26, 2009 Edition

Barnes And Noble
Dividend May Boost
Investor Confidence

NEW YORK, NY/Authorlink News/02/17/09–The Board of Directors at Barnes & Noble, Inc., no doubt trying to shore up investor confidence, today declared a quarterly cash dividend of $0.25 per share, payable on March 31, 2009 to stockholders of record at the close of business on March 10, 2009.

Earlier this month, an updated stock advisory from Steven Halpern at www.thestockadvisors.com is now actively “recommending” that investors buy Barnes & Noble Inc. stock.

The advisory followed billionaire Ron Burkle’s recent purchase of an 8.3% stake in the huge bookseller. Yucaipa Cos, a private equity firm controlled by Burkle, acquired the stock on his assessment that the company has been way “undervalued.”

Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller and a Fortune 500 company, operates 799 bookstores in 50 states. Barnes & Noble conducts its online business through Barnes & Noble.com (www.bn.com), one of the Web’s largest e-commerce sites.

Categorised in:

This post was written by admin