Citrix Declares Quarterly Dividend
October 24 2018 - 4:05PM
Business Wire
Citrix Announces First-Ever Dividend of $0.35
per Share and Increases its Share Repurchase Authorization by $750
million
Citrix Systems, Inc. (NASDAQ:CTXS), today announced that its
board of directors declared a quarterly cash dividend of $0.35 per
share. The dividend is payable December 21, 2018 to all
shareholders of record as of the close of business on December 7,
2018. Future dividends will be subject to board approval. The board
has also authorized the company to repurchase up to an additional
$750 million of its common stock. As of September 30, 2018,
approximately $398 million remained for repurchases from previous
authorizations.
“Citrix continues to generate strong levels of cash flow
allowing us to invest in our business while providing capital
return to our shareholders. As we continue to focus on providing a
comprehensive capital return program, Citrix initiated its first
dividend. In addition to the dividend, we increased our ongoing
share repurchase program by $750 million,” said Drew Del Matto,
Citrix chief financial officer.
Visit Citrix’s Investor Relations page to view the full earnings
report and announcement.
About Citrix
Citrix (NASDAQ:CTXS) is powering a better way to work with
unified workspace, networking, and analytics solutions that help
organizations unlock innovation, engage customers, and boost
productivity, without sacrificing security. With Citrix, users get
a seamless work experience and IT has a unified platform to secure,
manage, and monitor diverse technologies in complex cloud
environments. Citrix solutions are in use by more than 400,000
organizations including 99 percent of the Fortune 100 and 98
percent of the Fortune 500. Learn more at www.citrix.com.
For Citrix Investors
This release contains forward-looking statements, including
statements regarding the amount and timing of any future dividends,
which are made pursuant to the safe harbor provisions of Section
27A of the Securities Act of 1933 and of Section 21E of the
Securities Exchange Act of 1934. The forward-looking statements in
this release do not constitute guarantees of future performance.
Those statements involve a number of factors that could cause
actual results to differ materially, including risks associated
with the impact of the global economy and uncertainty in the IT
spending environment, revenue growth and recognition of revenue,
products and services, their development and distribution, product
demand and pipeline, economic and competitive factors, the
Company's key strategic relationships, acquisition and related
integration risks, the amounts or frequency of dividends as well as
other risks detailed in the Company's filings with the Securities
and Exchange Commission. Citrix assumes no obligation to update any
forward-looking information contained in this press release or with
respect to the announcements described herein. The development,
release and timing of any features or functionality described for
our products remains at our sole discretion and is subject to
change without notice or consultation. The information provided is
for informational purposes only and is not a commitment, promise or
legal obligation to deliver any material, code or functionality and
should not be relied upon in making purchasing decisions or
incorporated into any contract.
Citrix® is a registered trademark of Citrix Systems, Inc. in the
U.S. and other countries. All other trademarks and registered
trademarks are property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20181024005827/en/
Citrix Systems, Inc.Media Inquiries:Eric Armstrong,
954-267-2977eric.armstrong@citrix.comorInvestor Inquiries:Dawn
Morris, 954-229-5990dawn.morris@citrix.com
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