Apogee Enterprises (APOG) Raises Quarterly Dividend 13.6% to $0.125; 1.3% Yield
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Apogee Raises Quarterly Cash Dividend 14 Percent to $0.125 Per Share
January 13, 2016 1:43 PM ESTMINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Apogee Enterprises, Inc. (Nasdaq: APOG) announced it has declared a quarterly cash dividend of $0.125 per share, payable on February 17, 2016, to shareholders of record on February 2, 2016. The dividend of $0.125 per share represents an increase of 14 percent from the previous quarterly dividend of $0.11 per share. The company has approximately 28.9 million shares outstanding.
The Board of Directors also increased its existing share repurchase authorization by 1 million shares, bringing the total available share repurchase program to approximately 1.4 million shares.
Increasing our dividend underscores our confidence in our... More
