Jacobs Announces Initiation of Cash Dividend
January 19 2017 - 6:07PM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) today announced that
its Board of Directors has approved a declaration of a cash
dividend to shareholders. A quarterly dividend of $0.15 per share
will be paid on March 17, 2017, to shareholders of record on the
close of business on February 17, 2017.
“The decision by Jacobs Board of Directors to initiate a
dividend represents a significant milestone for the company and
demonstrates confidence in the company’s strong operating
performance, significant free cash flow generation, and financial
outlook over the long-term,” said Steve Demetriou, Jacobs Chairman
& CEO. “We remain committed to enhancing shareholder value and
are pleased to return excess capital to our shareholders, while
continuing to maintain our existing share repurchase program.”
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit
www.jacobs.com.
Statements made in this press release that are not based on
historical fact are forward-looking statements. Although such
statements are based on management's current estimates and
expectations, and currently available competitive, financial, and
economic data, forward-looking statements are inherently uncertain,
and you should not place undue reliance on such statements as
actual results may differ materially. We caution the reader that
there are a variety of risks, uncertainties and other factors that
could cause actual results to differ materially from what is
contained, projected or implied by our forward-looking statements.
Specifically, Jacobs may be unable to pay dividends in future
quarters or its Board of Directors may reduce the amount of the
dividend for a number of reasons, including, without limitation,
due to changes in its financial condition or material developments
in Jacobs’ business. For a description of some of the other factors
that may occur that could cause actual results to differ from our
forward-looking statements see our Annual Report on Form 10-K for
the period ended September 30, 2016, and in particular the
discussions contained under Item 1 - Business; Item 1A -
Risk Factors; Item 3 - Legal Proceedings; and Item 7 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations, as well as the Company’s other filings with
the SEC. We also caution the readers of this release that we do not
undertake to update any forward-looking statements made herein.
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Jacobs Engineering Group Inc.Salim Rahimi, 214.583.8428
Jacobs Engineering (NYSE:JEC)
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