USA: Sleepwear Pushes Up Sales At Nitches Inc
Nitches Inc (Nasdaq:NICH) announced that the Board of Directors has approved the distribution of a special dividend of $.60 (sixty cents) per share to the holders of record as of July 31, 2000. The dividend will be paid on August 15, 2000. The company plans to evaluate its ability to declare a dividend on a quarterly basis, contingent upon profitability and financing needs.