SEMINOLE, Fla., Aug. 1, 2008 (PRIME NEWSWIRE) -- Gerald M. Benstock, Chairman of the Board of Superior Uniform Group, Inc. (Nasdaq:SGC), manufacturer of uniforms, career apparel and accessories, today announced that the Board of Directors had declared a quarterly dividend of $.135 per share, payable August 25, 2008, to shareholders of record August 13, 2008.
Michael Benstock, C.E.O., commented: "We are pleased with our continued improvement in our operating results that we reported for the second quarter of 2008 and also are proud to be in our 32nd consecutive year of paying dividends. We are optimistic about our prospects and we believe our stock continues to be undervalued. The Board has reaffirmed its commitment to the outstanding stock repurchase program and has increased the shares available to repurchase. The previous authorization of 750,000 shares had approximately 125,000 shares remaining. The Board has increased the outstanding authorization to allow for the repurchase of 1,000,000 additional shares of stock."
ABOUT SUPERIOR
Superior Uniform Group, Inc., established in 1920, is one of America's foremost providers of fine uniforms and image apparel. Superior manages award-winning apparel programs for major corporations. They are leaders in innovative uniform program designs, global manufacturing, and state-of-the-art distribution. Superior's financial strength and resources support a customer's diverse needs while embracing a "Customer 1st, Every Time!" philosophy and culture. Their commitment to service, technology, quality and value-added benefits separates them from the competition in each of their seven primary markets: Healthcare, Hospitality, Food Service, Retail Employee I.D., Government Service, Private Security, and Rental Service. For more information please call (800) 727-8643, or visit their Web site at: www.superioruniformgroup.com.