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 March 16, 2015, to shareholders of record as of March 5, 2015.

Fred's, Inc. operates 660 discount general merchandise stores, including 19 franchised Fred's stores, in the southeastern United States. For more information about the Company, visit Fred's website at www.fredsinc.com.