Terex (TEX) Raises Quarterly Dividend 14.3% to $0.08; 1% Yield; Announces $350M Repurchase Program

Terex (NYSE: TEX) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. This is a 14.3% increase from the prior dividend of $0.07.

The dividend will be payable on March 20, 2017, to stockholders of record on March 10, 2017, with an ex-dividend date of March 8, 2017.

The annual yield on the dividend is 1 percent.

Terex Corporation today announced that its Board of Directors authorized a new share repurchase program of up to $350 million to commence upon completion of the company’s current $200 million program, which has approximately $70 million remaining.

John L. Garrison, Terex President and Chief Executive Officer, stated, “Today’s new $350 million share repurchase authorization and dividend increase are consistent with our disciplined capital allocation strategy that, combined with our Focus, Simplify and Execute To Win strategy, will create long term value for our shareholders.”

For a dividend history and other dividend-related data on Terex (TEX) click here.

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