Apogee Enterprises (APOG) Raises Quarterly Dividend 12.5% to $0.1575; Raises Buyback by 1M Shares
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Apogee Raises Quarterly Cash Dividend; Increases Share Repurchase Authorization
January 9, 2018 5:54 PM ESTMINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Apogee Enterprises, Inc. (Nasdaq: APOG) announced it has declared a quarterly cash dividend of $0.1575 per share, payable on February 14, 2018, to shareholders of record on January 30, 2018. The dividend of $0.1575 per share represents an increase of 12.5 percent from the previous quarterly dividend of $0.14 per share. The company has approximately 28.4 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 1.5 million shares.
Increasing our dividend underscores our confidence in... More
