American Eagle Outfitters Announces 31% Dividend Raise Reflecting Strength in the Organization, Financial Health and Confidence in Delivering Reliable Lengthy-Expression Advancement

Pamela G. Knowles

The Board of Directors of American Eagle Outfitters, Inc. (NYSE: AEO) these days accredited a 31% raise in the quarterly income dividend to $.18 for every share.

The quarterly dividend is equal to an annual dividend of $.72 per share, up from $.55 for every share previously. The next quarter dividend is payable on July 23, 2021 to stockholders of report at the shut of business enterprise on July 9, 2021.

“I am delighted to announce a content improve to our dividend nowadays. Subsequent a history 1st quarter outcome, the raise displays our self-confidence in the advancement likely of our major brands and financial gain move by means of fueled by our Actual Power. Actual Growth. price creation plan. We are properly-positioned to maintain sound income flow and stay fully commited to generating sturdy shareholder returns,” explained Jay Schottenstein, AEO’s Govt Chairman of the Board and Main Executive Officer.

About American Eagle Outfitters, Inc.

American Eagle Outfitters, Inc. (NYSE: AEO) is a foremost world wide specialty retailer giving superior-quality, on-craze apparel, extras and own care items at very affordable prices less than its American Eagle® and Aerie® manufacturers. Our reason is to present the globe that there is Genuine electricity in the optimism of youth. The organization operates outlets in the United States, Canada, Mexico, and Hong Kong, and ships to 81 nations throughout the world through its internet sites. American Eagle and Aerie items also is out there at more than 200 global spots operated by licensees in 33 nations around the world. For extra info, be sure to stop by www.aeo-inc.com.

Harmless HARBOR Statement Below THE Private SECURITIES LITIGATION REFORM ACT OF 1995

This release and connected statements by management contain ahead-looking statements (as these phrase is outlined in the Personal Securities Litigation Reform Act of 1995), which characterize our anticipations or beliefs relating to long term occasions. All ahead-hunting statements manufactured by the firm require material pitfalls and uncertainties and are subject matter to alter based mostly on lots of vital factors, some of which could be outside of the company’s command. Terms these types of as “estimate,” “challenge,” “prepare,” “believe,” “hope,” “foresee,” “intend,” “prospective,” and similar expressions may discover ahead-hunting statements. Apart from as may be expected by applicable law, we undertake no obligation to publicly update or revise any ahead-seeking statements regardless of whether as a outcome of new data, long term activities or if not and even if knowledge or future changes make it clear that any projected benefits expressed or implied therein will not be understood. The pursuing factors, in addition to the challenges disclosed in Merchandise 1A., Possibility Factors, of our Yearly Report on Form 10-K for the fiscal year finished January 30, 2021 and in any other filings that we may well make with the Securities and Trade Commission in some scenarios have afflicted, and in the foreseeable future could have an impact on, the firm’s monetary performance and could bring about precise benefits for fiscal 2021 and past to vary materially from those people expressed or implied in any of the forward-seeking statements bundled in this release or otherwise produced by administration: the damaging impacts of the COVID-19 pandemic and connected operational disruptions the hazard that the company’s running, financial and funds options may perhaps not be obtained our incapacity to foresee buyer need and changing trend trends and to regulate our inventory commensurately seasonality of our enterprise our lack of ability to achieve prepared keep monetary performance our lack of ability to react to uncooked substance cost, labor and electricity value boosts our incapability to acquire marketplace share in the encounter of declining buying centre targeted visitors our incapacity to respond to modifications in e-commerce and leverage omni-channel requires our lack of ability to extend internationally issue with our intercontinental merchandise sourcing methods difficulties with info technology programs, which include safeguarding towards security breaches and world-wide economic, public overall health, social, political and fiscal situations, and the resulting influence on shopper self confidence and buyer expending, as well as other variations in purchaser discretionary paying out routines, which could have a substance adverse result on our business, final results of functions and liquidity.

Watch supply variation on businesswire.com: https://www.businesswire.com/news/property/20210603006045/en/

Contacts

Olivia Messina
412-432-3300
[email protected]

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