The board of JoS. A. Bank Clothiers has declared a 50% stock dividend.

Each shareholder of record as of 30 July 2010 will receive one additional share of common stock for every two shares then owned.

As a result of the stock dividend, the number of outstanding shares of common stock will increase to approximately 27.5m shares from approximately 18.4m shares. The dividend shares and cash in lieu of fractional shares will be distributed on August 18, 2010.

“This decision by the board of directors recognises the increase in the value of the company’s common shares since our last stock dividend due primarily to the growth the company has achieved in its sales, earnings and cash flows over this period,” said R. Neal Black, president and CEO of the company.

“We believe the stock dividend will enhance the Company's liquidity by making our common shares available to more investors and will ultimately result in increased shareholder interest in our stock,” continued Black.