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updated 12:45, Sat September 22, 2007

J.C. Penney Board of Directors Declares Quarterly Dividend of 20 Cents Per Share

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PLANO, Texas (AP) -- Department store operator J.C. Penney Co. on Friday announced a quarterly dividend of 20 cents per share.

The dividend is payable Nov. 1 to stockholders of record Oct. 10.

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