MINNEAPOLIS--(BUSINESS WIRE)--Oct. 3, 2018--
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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Source: Apogee Enterprises, Inc.
Apogee Enterprises, Inc.
Jeff Huebschen, 952-487-7538
President, Investor Relations & Communications