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Circuit City Raises Quarterly Dividend

29 Jun, 2006 By: Erik Gruenwedel

Buoyed by a strong balance sheet and confidence in delivering “sustainable growth,” Circuit City Stores announced that its board of directors had approved an increase in the quarterly dividend from 1.75 cents to 4 cents per share of common stock. The Richmond, Va.-based electronics retailer also increased its stock repurchase plan by $400 million.

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