The Tile Shop Announces Initiation of Cash Dividend

Minneapolis, MN, February 14, 2017—The Board of Directors of Tile Shop Holdings has authorized the initiation of a quarterly cash dividend commencing in the first quarter of 2017, and declared an initial dividend of $0.05 per common share, payable March 24, 2017 to stockholders of record as of the close of business on March 14, 2017.

"The initiation of a dividend to our shareholders displays our confidence in The Tile Shop's future growth trajectory and free cash flow generation," said Chris Homeister, CEO. "We are in a unique position to begin accelerating our store openings in 2017, continue investing to support our store and distribution network to achieve significant long term growth and begin returning capital to shareholders, all while maintaining a minimal level of debt thanks to the competitive strength and significant free cash flow generation of our business."