Orbital ATK (OA) Cuts Qtr. Dividend to 26c/Share; Approves $75M Common Stock Buyback

Orbital ATK (NYSE: OA) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. The new dividend is a cut from the previous rate of $0.32 per share.

The dividend will be payable on June 25, 2015, to stockholders of record on June 8, 2015, with an ex-dividend date of June 4, 2015.

The annual yield on the dividend is 1.4 percent.

Orbital ATK’s Board also authorized the company to repurchase up to $75 million of its common stock over the remainder of calendar year 2015. Under the newly authorized repurchase program, shares of common stock may be purchased from time to time in the open market, subject to compliance with applicable laws and regulations and the company’s debt covenants and other agreements, depending upon market conditions and other factors.

For a dividend history and other dividend-related data on Orbital ATK (OA) click here.

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