February 25, 2010 (FinancialWire) — Women’s specialty retailer Chico’s FAS, Inc.’s (NYSE: CHS) board of directors has declared an initial quarterly cash dividend of $0.04 per share on its common stock. The dividend will be payable on March 22, 2010 to Chico’s FAS shareholders of record at the close of business on March 8, 2010.

The move marks the company’s first quarterly dividend declared since Chico’s FAS became a publicly traded company in March 1993.

Florida-based Chico’s FAS is a women’s specialty retailer of private branded clothing, intimates, accessories, and other non-clothing gift items. The company operates 1,084 specialty stores, including stores in 48 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.

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