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ST. LOUIS - Build-A-Bear Workshop, Inc. (NYSE: BBW), a global company known for its customizable stuffed animals, announced a 10% increase in its quarterly cash dividend. The new dividend of $0.22 per share is scheduled to be paid on April 10, 2025, to shareholders of record as of March 27, 2025. The company’s stock currently yields 2.22%, showing management’s commitment to shareholder returns alongside their aggressive share buyback program, as noted by InvestingPro.
This decision by the Board of Directors reflects a continuation of the company’s practice of returning value to its shareholders. The increase in dividend payout comes after Build-A-Bear reported consolidated total revenues of $486.1 million for the fiscal year 2023. The company maintains strong profitability with a 54.96% gross margin and has demonstrated impressive performance with a 51.13% return over the past year.
Build-A-Bear has established a strong presence in the retail sector with over 500 company-owned, partner-operated, and franchise locations worldwide. The brand has also expanded its reach through e-commerce on its website and through licensing agreements that extend its product offerings beyond plush toys. According to InvestingPro analysis, the company maintains a healthy financial position with a strong balance sheet, earning a "GREAT" overall financial health score. Get access to 8 more exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.
The company’s forward-looking statements about future dividend policies are subject to various risks and uncertainties that could cause actual results to differ materially. These statements are not guarantees of future performance, and the company’s future dividend payments may change based on the discretion of the Board of Directors.
Investors are encouraged to consider the risk factors that may impact the company’s business, as detailed in Build-A-Bear’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 18, 2024, and other periodic reports.
The information in this article is based on a press release statement from Build-A-Bear Workshop, Inc. and provides a current view of the company’s dividend policy as of the date of the release.
In other recent news, Build-A-Bear Workshop, Inc. reported consolidated total revenues of $486.1 million for fiscal 2023, highlighting its ongoing financial growth. The company also announced the appointment of Richard ’Dick’ A. Johnson, former CEO and President of Foot Locker, Inc., to its Board of Directors. Johnson brings extensive retail experience, having held leadership roles at Foot Locker and other companies, which is expected to strengthen Build-A-Bear’s strategic initiatives. Craig Leavitt, Non-Executive Chairman of the Board, expressed confidence in Johnson’s ability to contribute to shareholder value creation. This development is part of Build-A-Bear’s efforts to navigate the evolving retail landscape. The company continues to expand its brand through e-commerce and licensing agreements, with over 500 locations worldwide. These recent developments underscore Build-A-Bear’s commitment to enhancing its leadership team and expanding its market presence.
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