Brink's (BCO) Raises Quarterly Dividend 50% to $0.15; 1% Yield; Authorizes $200M Share Repurchase
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Brink’s Increases Dividend by 50%, Approves Repurchase Program
May 8, 2017 7:30 AM EDTQuarterly Payment Raised from 10 Cents to 15 Cents Per Share $200 Million Share Repurchase Program Authorized
RICHMOND, Va., May 08, 2017 (GLOBE NEWSWIRE) -- The Brinks Company (NYSE: BCO) today announced that its board of directors approved a 50 percent increase in the companys quarterly dividend, from 10 cents to 15 cents per share, effective immediately. The next quarterly dividend is payable on June 1, 2017, to shareholders of record on May 18, 2017. The company also announced that the board of directors authorized a share repurchase program of up to $200 million of common stock. The authorization expires December 31, 2019.
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