KBR Increases Dividend 60% to $0.08 per Share
KBR (NYSE: KBR) announced today that its Board of Directors has approved a 60% increase in the quarterly cash dividend to $0.08 per share, payable on April 15, 2013 to shareholders of record as of March 15, 2013.
In 2012, the company's dividend for the comparable period was $0.05, paid on April 15, 2012.
“KBR's 60% dividend increase reflects our continued confidence in the company's ability to generate strong cash flow in the future and the company's commitment to efficiently return cash to shareholders,” said Bill Utt, Chairman, President and Chief Executive Officer.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.