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

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Mon Aug 20, 2012 2:00pm EDT

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

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 September 17, 2012, to shareholders of record as of September 4, 2012.

Currently, Fred's, Inc. operates 698 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 www.fredsinc.com.

Fred's, Inc.
Jerry A. Shore, 901-362-3733, Ext. 2217
Executive Vice President and Chief Financial Officer

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