Family Dollar Increases Regular Quarterly Dividend by 14.8%

Business Wire

posted: 19 DAYS 17 HOURS AGO

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Family Dollar Stores, Inc. (NYSE: FDO) announced that the Company’s Board of Directors has declared a regular quarterly cash dividend on the Company's common stock of $0.155 per share, payable Thursday, April 15, 2010, to shareholders of record at the close of business on Monday, March 15, 2010. The quarterly cash dividend of $0.155 per share is an increase of 14.8% from the preceding quarterly cash dividend of $0.135 per share.

“Increasing our dividend for the 34 ^thconsecutive year reflects our strong financial position and our confidence in the long-term growth opportunity for Family Dollar,” said Howard R. Levine, Chairman and Chief Executive Officer.

About Family Dollar

Beginning with one store in 1959 in Charlotte, North Carolina, the Company currently operates more than 6,600 stores in 44 states. Family Dollar Stores, Inc., a Fortune 500 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com .