Terex (TEX) Raises Quarterly Dividend 14.3% to $0.08; 1% Yield; Announces $350M Repurchase Program
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Terex Corporation Authorizes New Share Repurchase Program and Increases Quarterly Dividend
February 21, 2017 4:30 PM ESTWESTPORT, Conn.--(BUSINESS WIRE)-- Terex Corporation (NYSE: TEX) today announced that its Board of Directors authorized a new share repurchase program of up to $350 million to commence upon completion of the companys current $200 million program, which has approximately $70 million remaining. The Board also declared a quarterly dividend of $0.08 per share, an increase of 14% over the 2016 quarterly amount. The dividend will be paid on March 20, 2017 to shareholders of record as of March 10, 2017.
John L. Garrison, Terex President and Chief Executive Officer, stated, Todays new $350 million share repurchase authorization and dividend increase are... More
