MEMPHIS, Tenn.--(BUSINESS WIRE)--Fred's, Inc. (NASDAQ: FRED) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable on June 15, 2015, to shareholders of record as of June 1, 2015. Fred's, Inc. operates 665 discount general merchandise stores, including 19 franchised Fred's stores and three specialty pharmacy locations, in the southeastern United States. For more information about the Company, visit Fred's website at www.fre