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Press release from Business Wire

Fred's Declares Quarterly Cash Dividend of $0.06 Per Share

Tuesday, February 19, 2013

Fred's Declares Quarterly Cash Dividend of $0.06 Per Share09:00 EST Tuesday, February 19, 2013 MEMPHIS, Tenn. (Business Wire) -- Fred's, Inc. (NASDAQ: FRED) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable on March 15, 2013, to shareholders of record as of March 1, 2013. Fred's, Inc. operates 712 discount general merchandise stores, including 21 franchised Fred's stores, in the southeastern United States. For more information about the Company, visit Fred's website at Fred's, Inc.Jerry A. Shore, 901-362-3733, Ext. 2217Executive Vice President and Chief Financial Officer