May 11, 2010 (FinancialWire) — CPI Corp. (NYSE: CPY) said that its board of directors has declared a second quarter cash dividend of 25 cents per share, an increase of 56% from the company's regular quarterly dividend of 16 cents per share since June 3, 2003.

The dividend will be paid on May 28, 2010 to shareholders of record as of May 21, 2010.  As of May 7, 2010, CPI had 7,314,082 common shares outstanding.

Missouri-based CPI provides portrait photography services at around 3,000 locations in North America, principally in Sears and Walmart stores.

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