Apogee Enterprises (APOG) Declares $0.1575 Quarterly Dividend, 1.6% Yield; Boosts Share Buyback Authorization by 2M Shares

Apogee Enterprises (NASDAQ: APOG) declared a quarterly dividend of $0.1575 per share, or $0.63 annualized.

The dividend will be payable on November 7, 2018, to stockholders of record on October 23, 2018, with an ex-dividend date of October 22, 2018.

The annual yield on the dividend is 1.6 percent.

The Board of Directors also increased the company’s existing share repurchase authorization by 2 million shares, bringing the total available share repurchase program to approximately 3.2 million shares.

“This increased share repurchase authorization demonstrates continued confidence in our long-term growth strategy and our ability to generate strong cash flow,” said Joseph F. Puishys, Apogee’s Chief Executive Officer. “While we will continue to emphasize a strong balance sheet and high-return investments to drive growth and productivity gains, this increased authorization provides flexibility to opportunistically return cash to our shareholders.”

For a dividend history and other dividend-related data on Apogee Enterprises (APOG) click here.

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