Published November 24, 2015 7:33am EST | Updated November 24, 2015 8:04am EST

Chico's To Buy Back Up To $300 Million Of Shares, Raises Quarterly Dividend 3.3%

Chico's FAS Inc. said Tuesday its board has approved a new share buyback of up to $300 million. The apparel retailer also said it has raised its quarterly dividend by 3.3% to 7.75 cents a share. The new dividend will be payable Dec. 21 to shareholders of records as of Dec. 7. Shares were not yet active in premarket trade, but are down 25% in the year so far, while the S&P 500 has gained 1.3%.