Build-A-Bear Workshop Stock Gains On Special Cash Dividend, Stock Buyback

Build-A-Bear Workshop Inc's BBW Board of Directors has declared a special cash dividend of $1.25 per share. The board has also authorized a share repurchase program of up to $25 million.
The dividend will be paid on December 27, 2021, to all stockholders of record as of December 10, 2021.
The program authorizes the company to repurchase shares through November 30, 2023.
Build-A-Bear held $48.5 million in cash and equivalents as of October 30, 2021.
The company also announced the appointment of Narayan Iyengar and Lesli Rotenberg to its Board.
Price Action: BBW shares are trading higher by 8.44% at $18.5 in premarket on the last check Wednesday.