CPI Corp. (NYSE: CPY) today announced that its Board of Directors declared a third quarter cash dividend of 25 cents per share.  The dividend will be paid on August 15, 2011 to shareholders of record as of August 8, 2011.  As of July 28, 2011, CPI had 7,042,484 common shares outstanding.

About CPI Corp.

For more than 60 years, CPI Corp. (NYSE: CPY) has been dedicated to helping customers conveniently create cherished photography portrait keepsakes that capture a lifetime of memories.  Headquartered in St. Louis, Missouri, CPI Corp. provides portrait photography services at approximately 3,000 locations in the United States, Canada, Mexico and Puerto Rico and offers on location wedding photography and videography services through an extensive network of contract photographers and videographers.  CPI’s conversion to a fully digital format allows its studios and on location business to offer unique posing options, creative photography selections, a wide variety of sizes and an unparalleled assortment of enhancements to customize each portrait – all for an affordable price.  For more information about CPI visit www.cpicorp.com.


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