Pottery Barn 2005 Annual Report Download - page 34

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in-sourcing the management of our east coast furniture hub to further develop a “gold standard” in customer
service and improve the overall operational efficiency of the furniture supply chain process.
In addition, in fiscal 2006, we will issue our first ever quarterly cash dividend. The quarterly dividend will be
initiated at $0.10 per common share, payable on May 24, 2006, to shareholders of record as of the close of
business on April 26, 2006. The aggregate quarterly dividend is estimated at approximately $11,500,000 based
on the current number of common shares outstanding. The indicated annual cash dividend, subject to capital
availability, is $0.40 per common share, or approximately $46,000,000 in fiscal 2006 based on the current
number of common shares outstanding.
Further, in March 2006, our Board of Directors authorized a stock repurchase program to acquire up to an
additional 2,000,000 shares of our outstanding common stock.
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