Black Box (BBOX) Declares $0.11 Quarterly Dividend; Adds 1M Shares to Stock Buyback Program

Black Box (NASDAQ: BBOX) declared a quarterly dividend of $0.11 per share, or $0.44 annualized.

The dividend will be payable on April 14, 2016, to stockholders of record on March 31, 2016, with an ex-dividend date of March 29, 2016.

The annual yield on the dividend is 4.6 percent.

The Board of Directors also increased the share repurchase program by 1 million shares. The Company anticipates that, subject to the Company’s cash flow, market conditions, stock price, leverage and other factors, it could repurchase up to $7 million of its common stock during the quarter ended March 31, 2016. There can be no assurance as to the timing or amount of such repurchases.

For a dividend history and other dividend-related data on Black Box (BBOX) click here.

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