JC Penney Company, Inc. (NYSE:JCP) has declared a quarterly dividend of $0.20 per share. The dividend is payable to shareholders of record as of the close of business on April 9, 2010. The dividend will be payable on may 3, 2010.
JC Penney was recently awarded with the 2010 Energy Star Award for Sustained Excellence. The award was presented in recognition of the company’s leadership in the protection of environmental resources through energy efficiency. This marks the company’s second green award since it won the ENERGY STAR Partner of the Year awards in 2007 and 2008.
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J. C. Penney Company, Inc. (JCPenney) is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company is retailer, operating 1,093 JCPenney department stores in 49 states and Puerto Rico as of January 31, 2009. The Company’s business consists of selling merchandise and services to consumers through its department stores and Direct (Internet/catalog) channels. Department stores and Direct serve the same type of customers and provide the same mix of merchandise, and department stores accept returns from sales made in stores, via the Internet and through catalogs. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. In addition, the department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating.
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