Handleman Company Declares Dividend

Handleman Company Declares Dividend

TROY, Mich., Feb. 23 /PRNewswire-FirstCall/ -- Handleman Company (NYSE:HDL), http://www.handleman.com/ , today announced that its Board of Directors declared a quarterly cash dividend of $.08 per share on the outstanding shares of common stock of the Company, payable April 8, 2005, to shareholders of record at the close of business on March 24, 2005.

About Handleman Company:

Handleman Company is a category manager and distributor of prerecorded music to mass merchants in the United States, United Kingdom, Canada, Brazil and Argentina. As a category manager, the Company manages a broad assortment of titles to optimize sales and inventory productivity in retail stores and also provides direct-to-store shipments, marketing and in-store merchandising.

Source: Handleman Company

CONTACT: Handleman Company Contact: Greg Mize, Vice President, Investor
Relations of Handleman Company, +1-248-362-4400, Ext. 211; or Media Relations:
David Bassett, +1-248-855-6777, Ext. 132, for Handleman Company

Web site: http://www.handleman.com/

-------
Profile: intent