Apogee Enterprises declares quarterly cash dividend and increases share repurchase authorization

Apogee has declared a quarterly cash dividend

Apogee has declared a quarterly cash dividend payable on 7 November 2018 to shareholders of record at the close of business on 23 October 2018.

Apogee Enterprises, Inc. has announced that its Board of Directors has declared a quarterly cash dividend of USD 0.1575 per share. The dividend will be payable on 7 November 2018 to shareholders of record at the close of business on 23 October 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.”
Apogee Enterprises, 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.