Apogee Enterprises (APOG) Raises Quarterly Dividend 12.5% to $0.1575; Raises Buyback by 1M Shares

Apogee Enterprises (NASDAQ: APOG) declared a quarterly dividend of $0.1575 per share, or $0.63 annualized. This is a 12.5% increase from the prior dividend of $0.14. The dividend will be payable on February 14, 2018, to stockholders of record on January 30, 2018, with an ex-dividend date of January 29, 2018. The annual yield on the dividend is 1.4 percent.

The Board of Directors also increased its existing share repurchase authorization by 1 million shares, bringing the total available share repurchase program to approximately 1.5 million shares.

“Increasing our dividend underscores our confidence in the outlook for our markets and our ability to continue to grow revenues, earnings and cash flow,” said Joseph F. Puishys, Apogee chief executive officer. “The increase in share repurchase authorization positions us to continue to occasionally buy back stock to offset dilution from our stock compensation programs.”

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

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