Black Box (BBOX) Adds 1M to Buyback Authorization
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Black Box Corp (NASDAQ: BBOX) has approved an increase of 1 million shares under the existing share repurchase program and declared a quarterly cash dividend of $0.08 per share of its Common Stock.
With the increase in the share repurchase program, Black Box now has authorization to repurchase 1.2 million of its shares or approximately 8% of the current outstanding shares. The $0.08 per share dividend was declared on all outstanding shares of Black Box’s Common Stock and will be payable on January 11, 2013 to stockholders of record at the close of business on December 28, 2012. Black Box will pay the dividend through its transfer agent, American Stock Transfer & Trust Company, 59 Maiden Lane, New York, NY 10038.
With the increase in the share repurchase program, Black Box now has authorization to repurchase 1.2 million of its shares or approximately 8% of the current outstanding shares. The $0.08 per share dividend was declared on all outstanding shares of Black Box’s Common Stock and will be payable on January 11, 2013 to stockholders of record at the close of business on December 28, 2012. Black Box will pay the dividend through its transfer agent, American Stock Transfer & Trust Company, 59 Maiden Lane, New York, NY 10038.
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