Apogee Enterprises Inc APOG mentioned its Board of Administrators has elevated the corporate’s current share repurchase authorization by 2 million shares.
The entire accessible share repurchase program now’s roughly 2.97 million shares.
The corporate mentioned it’s going to proceed to guage future share repurchases, contemplating money circulate, debt ranges, market situations, and different capital allocation choices.
The Board has additionally declared a quarterly money dividend of $0.24 per share, payable on November 8, 2023, to shareholders of document on the shut of enterprise on October 24, 2023.
The corporate held $18.42 million in money and equivalents as of August 26, 2023.
Apogee gives architectural services and products for enclosing buildings, and high-performance glass and acrylic merchandise used for preservation, power conservation, and enhanced viewing.
Value Motion: APOG shares closed decrease by 0.81% at $45.16 on Thursday.
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