ST. LOUIS, Aug. 8 /EMWNews/ -- CPI Corp. (NYSE: CPY) today

announced that its Board of Directors declared a third quarter cash

dividend of 16 cents per share. The dividend will be paid on August 25,

2008 to shareholders of record as of August 18, 2008. As of August 7, 2008,

CPI had 6,474,540 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.