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02/19/2013

GameStop boosts dividend by 10 percent

Directors of Grapevine-based GameStop boosted its annual dividend by 10 percent, to $1.10 per share.

The next regular quarterly dividend of 27.5 cents per share will be payable on March 19 to all shareholders of record as of March 5.

Still, shares of the videogame retail chain was trading down nearly 3 percent this morning, off 70 cents to $24.67 a share.

GameStop said that since "initiating a disciplined capital allocation plan in Jan. 2010, GameStop’s stock and debt buybacks have totaled more than $1.5 billion dollars and the company operates debt free."

-- Steve Kaskovich


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