Green Plains Renewable Energy (GPRE) Doubles Qtr. Dividend to 8c; Approves $100M Buyback

Green Plains Renewable Energy (NASDAQ: GPRE) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. This is a 100% increase from the prior dividend of $0.04.

The dividend will be payable on September 18, 2014, to stockholders of record on August 28, 2014, with an ex-dividend date of August 26, 2014.

The annual yield on the dividend is 0.8 percent.

The company announced that its Board of Directors has approved a share repurchase program of up to $100 million of the Company's shares of common stock effective immediately. Under the share repurchase program, Green Plains may repurchase shares from time to time in open market transactions, privately negotiated transactions, accelerated share buyback programs, tender offers or by other means. The timing and amount of repurchase transactions will be determined by the Company's management based on its evaluation of market conditions, share price, legal requirements and other factors. The program may be suspended, modified or discontinued at any time without prior notice.

For a dividend history and other dividend-related data on Green Plains Renewable Energy (GPRE) click here.

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