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Anixter International Declares $5.00/Share Special Dividend

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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

 

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