Carlisle Cos. (CSL) Approves Additional 4.1M Share Buyback Plan

September 13, 2016 9:07 AM EDT

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The Board of Directors of Carlisle Companies Incorporated (NYSE: CSL) has authorized Carlisle to repurchase an additional 4.1 million shares, increasing Carlisle’s authorization to approximately 5.0 million shares. The shares will be repurchased at management’s direction from time to time in the open market at prevailing market prices, in privately negotiated transactions or through block trades. The timing and amount of repurchases will depend on the market price of Carlisle’s common stock, general market conditions, applicable legal requirements and other corporate developments.

D. Christian “Chris” Koch, Carlisle’s President and Chief Executive Officer, commented, “In addition to our 17% dividend increase announced in August, we are pleased to continue our share repurchase program as an important part of our strategy to deliver value to shareholders.”

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