Skip to main content

Market Overview

Anixter International Declares $5.00/Share Special Dividend


Anixter International(NYSE: AXE) today announced that its board of
directors declared the payment of a special dividend to shareholders of
$5 per common share, or a total cash outlay of approximately $165
million. The special dividend is payable on January 2, 2014, to
shareholders of record on December 11, 2013.

Commenting on the special dividend payment, President and CEO Robert Eck
said, “Our continued strong cash flow generation of nearly $500 million
over the past three years has resulted in a debt to total capital ratio
of 43 percent at the end of the third quarter, which falls below our
target range of 45–50 percent. This presented us with the opportunity to
return capital to our shareholders while still

See full press release


Related Articles (AXE)

View Comments and Join the Discussion!

Posted-In: News Guidance Dividends Financing Contracts Legal Management Global

Need corporate guidance data?
Click here to see licensing options.
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at