Apogee’s Sixth Consecutive Year with a Dividend Increase
MINNEAPOLIS--(BUSINESS WIRE)--Jan. 17, 2019--
Apogee Enterprises, Inc. (Nasdaq: APOG) announced today that its
Board of Directors has declared a quarterly cash dividend of $0.175 per
share, an 11 percent increase from its previous quarterly dividend rate
of $0.1575 per share. The dividend will be payable on February 20, 2019
to shareholders of record at the close of business on February 5, 2019.
“Apogee continues to generate significant free cash flow, which gives us
the financial strength to invest in our business, while also increasing
the cash we return to shareholders,” said Joseph F. Puishys, Chief
Executive Officer. “This dividend increase, along with our recent share
repurchases, demonstrates our confidence in the company’s long-term
direction and our commitment to delivering shareholder value.”
This marks Apogee’s sixth consecutive year with a dividend increase,
during which time its quarterly dividend has increased over 90 percent,
from $0.09 per share to $0.175 per share.
About Apogee Enterprises, Inc.
Apogee Enterprises, Inc. (www.apog.com),
headquartered in Minneapolis, is a leader in the design and development
of value-added glass and metal products and services for enclosing
commercial buildings, framing and displays.
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Source: Apogee Enterprises, Inc.
Vice President, Investor Relations & Communications