The Board of Directors of Apogee Enterprises, Inc. (Nasdaq:APOG) announced it has declared a quarterly cash dividend of $0.14 per share, payable on February 15, 2017, to shareholders of record on January 31, 2017.
The dividend of $0.14 per share represents an increase of 12 percent from the previous quarterly dividend of $0.125 per share. The company has approximately 28.6 million shares outstanding.
“Increasing our dividend underscores our confidence in our ability to continue to grow revenues, earnings and cash flow as we execute our strategies for growth organically and through acquisition, and our operational excellence initiatives,” said Joseph F. Puishys, Apogee chief executive officer. “As we focus on positioning Apogee to better perform in any market conditions, we are driving growth through new geographies, new products and new markets, while improving earnings through productivity and operational improvements.”