Agilent Technologies Reports New Share Repurchase Program and Increases Quarterly Dividend
Jan 23, 2013 (Close-Up Media via COMTEX) --
Agilent Technologies Inc. announced that its board of directors has authorized the repurchase of up to $500 million of the company's common stock during fiscal 2013.
In a release dated January 17, the company noted that the new repurchase authorization replaces Agilent's existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs.
The board has also authorized a 20 percent increase in the quarterly dividend, from $0.10 to $0.12 per share, beginning in the second quarter of 2013. The second quarter dividend will be paid on April 24 to all stockholders of record as of the close of business on April 2.
Agilent CEO Bill Sullivan said, "Today's announcement of the stock repurchase program and increased quarterly dividend reflects our confidence in Agilent's future cash generation capabilities and our commitment to return capital to shareholders."
Agilent Technologies Inc. is a measurement and technology company focusing on chemical analysis, life sciences, diagnostics, electronics and communications.
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