Business

Regis Raises Quarterly Dividend By 50 Percent

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MINNEAPOLIS (AP) — Regis Corp. is boosting its quarterly dividend by 50 percent to 6 cents from 4 cents.

The company, which runs hair salons including MasterCuts, Supercuts and Sassoon Salon, said Monday that it will pay the dividend on Feb. 24 to shareholders of record on Feb. 10.

Regis has about 57.6 million outstanding shares.

Last month Regis said it had decided not to put itself up for sale after its board reviewed the company’s strategic options for about four months. The Minneapolis company said it will try to boost shareholder value through several initiatives, including speeding up its expansion of Supercuts salons and offering new services and products.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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