United Stationers Board Declares Regular Dividend; Increases Share Repurchase Authorization
United Stationers Inc. (NASDAQ: USTR) announced today that its board of directors has declared a quarterly cash dividend of $0.13 per share payable on April 13, 2012 to stockholders of record at the close of business on March 15, 2012.
The board also approved and authorized the company to purchase an additional $100 million of its common stock. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on market conditions and other factors, these repurchases may commence or cease from time to time without prior notice. The company also has $25 million remaining under the prior authorization approved by its board in July, 2011.
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