STANLEYTOWN, Va., July 15 /PRNewswire-FirstCall/ -- Stanley Furniture
Company, Inc. (Nasdaq: STLY) announced today that its Board of Directors has
declared a regular quarterly cash dividend of $.05 per share payable on
September 2, 2003 to shareholders of record on August 15, 2003.
"We are pleased to return profits to our shareholders. This demonstrates
the Board's continued confidence in the Company's strategy, growth
opportunities and financial strength," commented Albert L. Prillaman,
chairman.
Established in 1924, Stanley Furniture Company, Inc. is a leading
manufacturer of wood furniture targeted at the upper-medium price range of the
residential market. Manufacturing facilities are located in Stanleytown and
Martinsville, VA and Robbinsville and Lexington, NC. Its common stock is
traded on the Nasdaq stock market under the symbol STLY.
SOURCE Stanley Furniture Company, Inc.
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Related links:
http://www.stanleyfurniture.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/117677.html
CONTACT:
Douglas I. Payne, Executive V.P. - Finance
and Administration, +1-276-627-2157, dpayne@stanleyfurniture.com;
or Anita W. Wimmer, Treasurer, +1-276-627-2446,
awimmer@stanleyfurniture.com, both of Stanley Furniture Company,
Inc.
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