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Stein Mart declares special dividend of 50 cents

Stein Mart Inc. is declaring a special dividend of 50 cents per share.
/ Source: The Associated Press

Stein Mart Inc. is declaring a special dividend of 50 cents per share.

The discount department store operator said Friday that the dividend, which will likely total about $22 million, will be paid on Dec. 22 to shareholders of record Dec. 8.