Apogee Enterprises Declares Quarterly Cash Dividend and Increases Share Repurchase Authorization
October 03 2018 - 7:05AM
Business Wire
Apogee Enterprises, Inc. (Nasdaq: APOG) announced today
that its Board of Directors has declared a quarterly cash dividend
of $0.1575 per share. The dividend will be payable on November 7,
2018 to shareholders of record at the close of business on October
23, 2018.
The Board of Directors also increased the company’s existing
share repurchase authorization by 2 million shares, bringing the
total available share repurchase program to approximately 3.2
million shares.
“This increased share repurchase authorization demonstrates
continued confidence in our long-term growth strategy and our
ability to generate strong cash flow,” said Joseph F. Puishys,
Apogee’s Chief Executive Officer. “While we will continue to
emphasize a strong balance sheet and high-return investments to
drive growth and productivity gains, this increased authorization
provides flexibility to opportunistically return cash to our
shareholders.”
About Apogee Enterprises, Inc.Apogee Enterprises, Inc.
(www.apog.com), headquartered in Minneapolis, is a leader in the
design and development of value-added glass and metal products and
services for enclosing commercial buildings, framing and
displays.
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version on businesswire.com: https://www.businesswire.com/news/home/20181003005180/en/
Apogee Enterprises, Inc.Jeff Huebschen, 952-487-7538Vice
President, Investor Relations & Communicationsir@apog.com
Apogee Enterprises (NASDAQ:APOG)
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