ITT Announces Additional $75M Share Buyback, Raises Dividend by 10% to $0.10/Share

ITT Corporation

announced today it will continue to return capital to shareowners by executing up to $75 million of additional share repurchases and increasing its dividend by 10 percent to 10 cents per share. The ITT Board of Directors has approved the cash dividend for the first quarter of 2013, which will be payable on April 1, 2013, to shareowners of record on March 15, 2013.