ST. LOUIS, May 8 /PRNewswire-FirstCall/ -- CPI Corp. (NYSE: CPY) today announced that its Board of Directors declared a second quarter cash dividend of 16 cents per share. The dividend will be paid on May 29, 2009 to shareholders of record as of May 21, 2009. As of May 7, 2009, CPI had 7,005,301 common shares outstanding.

CPI is the leading portrait studio operator in North America offering photography services in approximately 3,100 locations in the United States, Puerto Rico, Canada and Mexico, principally in Sears and Wal-Mart stores.

SOURCE CPI Corp.