Stewart Enterprises, Inc. (STEI) Declares $0.035 Quarterly Dividend; 2.4% Yield; Increases Buyback by $25M to $125M Total
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Stewart Enterprises, Inc. (NASDAQ: STEI) declared a quarterly dividend of $0.035 per share, or $0.14 annualized.
The dividend will be payable on October 26, 2011, to stockholders of record on October 12, 2011, with an ex-dividend date of October 10, 2011.
The annual yield on the dividend is 2.4 percent.
Also today, the Company announced that its Board of Directors has increased the Company's $100 million stock repurchase program by $25 million to $125 million. This increases the Company's current capacity under its stock repurchase program to $51.7 million.
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The dividend will be payable on October 26, 2011, to stockholders of record on October 12, 2011, with an ex-dividend date of October 10, 2011.
The annual yield on the dividend is 2.4 percent.
Also today, the Company announced that its Board of Directors has increased the Company's $100 million stock repurchase program by $25 million to $125 million. This increases the Company's current capacity under its stock repurchase program to $51.7 million.
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