By  on March 29, 2012

NEW YORK — Neiman Marcus Inc. has declared a one-time cash dividend of $442.6 million, or $435 per share of its outstanding common stock. The dividend was paid to stockholders at the close of business Wednesday. Neiman’s will use its cash on hand and borrowings from its revolving credit facility to fund the dividend. Neiman’s expects to borrow about $150 million for the dividend.

This story first appeared in the March 30, 2012 issue of WWD. Subscribe Today.

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