Bob Evans Farms (BOBE) Announces Fourth Quarter Dividend, Share Repurchase Authorization
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Bob Evans Farms, Inc. (Nasdaq: BOBE) announced that its board has declared a quarterly cash dividend of 14 cents ($0.14) per share on the company's outstanding common stock ($0.01 par value). The dividend is payable June 16, 2008, to stockholders of record at the close of business on June 5, 2008.
The board of directors has also approved the repurchase of up to 3 million shares of Bob Evans Farms, Inc. common stock during fiscal 2009, which runs through April 2009. The shares may be purchased from time to time on the open market or through privately negotiated transactions, depending on market conditions.
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