HBC Reports Sales Growth, Dividend in First Quarter

Canadian retailer Hudson's Bay Co. (HBC) reported consolidated sales of $884 million in the first quarter of 2013, or growth of 4.2% year over year, which resulted from a 7.6% gain in HBC same-store sales. The company's board of directors also announced a shareholders dividend in the amount of $0.09375 per share. HBC was acquired by U.S. private equity firm NRDC Equity Partners in 2008, and went public last November, raising $365 million.

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