JJill Inc Slashes Debt and Announces First Dividend

JJill Inc (JILL) has issued an announcement.

J.Jill, Inc. has successfully repaid a significant chunk of its debt, cutting down the outstanding balance from $175 million to $108 million, with a combination of mandatory and voluntary payments totaling $60.4 million. Following this financial maneuver, the company’s Board of Directors declared an inaugural quarterly dividend of $0.07 per share, which will be paid to shareholders on record by the end of May, with the payout date set for mid-June.

For a thorough assessment of JILL stock, go to TipRanks’ Stock Analysis page.