C.H. Robinson Worldwide Declares Quarterly Cash Dividend and Increases Share Repurchase Authorization
C.H. Robinson Worldwide (NASDAQ: CHRW) announced that on August 9, 2012, its Board of Directors declared a regular quarterly cash dividend of 33 cents ($0.33) per share, payable on October 1, 2012, to shareholders of record on September 7, 2012.
C.H. Robinson has distributed regular dividends for more than twenty-five years. As of August 10, 2012, there were approximately 161,323,000 shares outstanding.
In addition, on August 9, 2012, the Board of Directors increased the company's share repurchase authorization by up to an additional 10 million shares of common stock. C.H. Robinson had approximately 2.5 million shares remaining under its share repurchase authorization which was authorized by the Board in 2009. The 10 million share repurchase authorization represents approximately 6.2 percent of the company's shares outstanding on August 10, 2012. Repurchases may be made from time to time at prevailing prices in the open market or in privately negotiated transactions, subject to market conditions and other fact
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.