JBT Corporation Extends Share Repurchase Authorization

JBT Corporation

today announced that its Board of Directors has declared its fourth quarter 2014 cash dividend of $0.09 per share of outstanding common stock. The dividend will be payable on December 29, 2014 to stockholders of record at the close of business on December 15, 2014. The Board of Directors also extended the Company's existing share repurchase plan by a year to December 31, 2015. The Company was originally authorized to repurchase up to $30 million of its common stock in 2011. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors.