COLUMBUS, Ohio, Dec. 2, 2016 /PRNewswire/ -- Big Lots,
Inc. (NYSE: BIG) announced today on November 30, 2016 our Board of Directors declared a quarterly
cash dividend of $0.21 per common share.
The dividend will be paid on December 30, 2016, to shareholders of record as of the close of
business on December 16, 2016.
"I'm pleased with today's announcement of a quarterly dividend," stated David Campisi, Chief
Executive Officer and President of Big Lots. "We believe returning cash to our shareholders and enhancing overall financial
returns demonstrates the confidence the Board of Directors has in our management team, our strategic plan, and long-term
opportunities to drive meaningful profit growth and cash flow."
About Big Lots, Inc.
Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a unique,
non-traditional, discount retailer operating 1,445 BIG LOTS stores in 47 states with product assortments in the merchandise
categories of Food, Consumables, Furniture, Seasonal, Soft Home, Hard Home, and Electronics & Accessories. Our vision is to
be recognized for providing an outstanding shopping experience for our customers, valuing and developing our associates, and
creating growth for our shareholders. Big Lots supports the communities it serves through the Big Lots Foundation, a charitable
organization focused on four areas of need: hunger, housing, healthcare, and education. For more information about the Company,
visit www.biglots.com.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the
Act. The words "anticipate," "estimate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should,"
"may," "target," "forecast," "guidance," "outlook" and similar expressions generally identify forward-looking statements.
Similarly, descriptions of our objectives, strategies, plans, goals or targets are also forward-looking statements.
Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements
expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and
business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may
ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management's then-current views and
assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements.
Although we believe the expectations expressed in forward-looking statements are based on reasonable assumptions within the
bounds of our knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or
a combination of which could materially affect our business, financial condition, results of operations or liquidity.
Forward-looking statements that we make herein and in other reports and releases are not guarantees of future performance and
actual results may differ materially from those discussed in such forward-looking statements as a result of various factors,
including, but not limited to, current economic and credit conditions, the cost of goods, our inability to successfully execute
strategic initiatives, competitive pressures, economic pressures on our customers and us, the availability of brand name closeout
merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of our most recent Annual Report
on Form 10-K, and other factors discussed from time to time in our other filings with the SEC, including Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider
all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements.
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. We
undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or
otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements
and SEC filings.
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SOURCE Big Lots, Inc.