Daktronics (DAKT) Declares $0.06 Quarterly Dividend; 3.8% Yield
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June 17, 2016 3:39 PM EDT
BROOKINGS, S.D., June 17, 2016 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ: DAKT) announced today that its Board of Directors on June 16, 2016 approved a regular quarterly cash dividend of $0.06 per share and a special dividend of $0.04 per share.
"We are pleased to simultaneously return value to shareholders through regular quarterly dividends, special dividends, share repurchases and continued investment into business growth opportunities," said Reece Kurtenbach, Chairman, President and Chief Executive Officer. "This quarter, we changed to a regular and special dividend structure to allow for flexibility in cash allocations between our dividend program,... More
June 17, 2016 3:39 PM EDT
BROOKINGS, S.D., June 17, 2016 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ: DAKT) announced today that its Board of Directors on June 16, 2016 approved a regular quarterly cash dividend of $0.06 per share and a special dividend of $0.04 per share.
"We are pleased to simultaneously return value to shareholders through regular quarterly dividends, special dividends, share repurchases and continued investment into business growth opportunities," said Reece Kurtenbach, Chairman, President and Chief Executive Officer. "This quarter, we changed to a regular and special dividend structure to allow for flexibility in cash allocations between our dividend program,... More
June 17, 2016 3:35 PM EDT
BROOKINGS, S.D., June 17, 2016 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ: DAKT) announced today that its Board of Directors authorized a stock buyback program under which it may repurchase up to $40 million of its outstanding common stock.
The stock repurchase authorization allows us to be opportunistic in acquiring stock to use for future investments. We have a strong balance sheet and generate free cash flow to support our share repurchase plans, said Reece A. Kurtenbach, Chairman, President and Chief Executive Officer. "We are pleased to add the share buyback program... More
