Michaels Stores, Inc. Declares Quarterly Dividend

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Michaels Stores, Inc. Declares Quarterly Dividend

		Michaels Stores logo. (PRNewsFoto) IRVING, TX USA

    IRVING, Texas, March 15 /PRNewswire-FirstCall/ -- Michaels Stores, Inc.
(NYSE: MIK) announced today that its Board of Directors has declared a
quarterly cash dividend of $0.10 per share to be payable April 28, 2006, to
shareholders of record at the close of business on April 14, 2006.
    Michaels Stores, Inc. is the world's largest specialty retailer of arts,
crafts, framing, floral, wall decor, and seasonal merchandise for the hobbyist
and do-it-yourself home decorator.  As of March 15, 2006, the Company owns and
operates 896 Michaels stores in 48 states and Canada, 165 Aaron Brothers
stores, 11 Recollections stores, and four Star Wholesale operations.
    This press release is also available on the Michaels Stores, Inc. website
(http://www.michaels.com ).

SOURCE Michaels Stores, Inc.

http://www.michaels.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20040804/DAMICHAELSLOGO
AP Archive: http://photoarchive.ap.org PRN Photo Desk
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Company News On-Call:

http://www.prnewswire.com/comp/115769.html
CONTACT:
Lisa K. Klinger, Vice President - Treasurer
and Investor Relations of Michaels Stores, Inc., +1-972-409-1528