Resources (RECN) Unit Declares $0.04 Qtr. Dividend; Authorizes $150M Buyback
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Resources Connection, Inc. (Nasdaq: RECN) unit, has approved a quarterly cash dividend of $0.04 per share, payable on June 24, 2011 to all shareholders of record on May 27, 2011, with an ex-dividend date of May 25, 2011.
The Company also announced that its Board of Directors has approved a share buyback program with an aggregate dollar limit of $150 million. This program will commence when its 2007 stock repurchase program, with approximately $6.5 million remaining as of April 29, 2011, is complete.
The Company also announced that its Board of Directors has approved a share buyback program with an aggregate dollar limit of $150 million. This program will commence when its 2007 stock repurchase program, with approximately $6.5 million remaining as of April 29, 2011, is complete.
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