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Apogee boosts dividend by 10%, increases share repurchase program

Dow Jones2022-01-12

Apogee Enterprises Inc. said Wednesday it will raise its quarterly dividend by 10%, to 22 cents a share from 20 cents. The new dividend will be payable Feb. 15 to shareholders of record on Jan. 31. Based on Tuesday's stock closing price of $47.34, the new annual dividend rate implies a dividend yield of 1.86%, compared with the implied yield for the S&P 500 SPX, +0.92% of 1.31%. Separately, the enclosing commercial buildings and framing art company said it increased its current share repurchase program by 2 million shares, bringing the total available repurchase program to 2.6 million shares, which represents about 10.5% of the shares outstanding. The stock, which was still inactive in premarket trading, has rallied 20.3% over the past three months while the S&P 500 has gained 8.3%.

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Comment6

  • Delfort
    ·2022-01-12
    Thanks
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  • xremy
    ·2022-01-12
    Prices will goes up 
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  • JemLIm
    ·2022-01-12
    Ok
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  • trojan1337
    ·2022-01-12
    Like pls
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  • RladPdnjs
    ·2022-01-12
    woww cool
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    • JemLIm
      yes
      2022-01-12
      Reply
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  • Snooooooopy
    ·2022-01-12
    Like pls
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