Apogee Enterprises Raises Quarterly Cash Dividend 5 Percent to $0.0575 Per Share
Apogee Enterprises Raises Quarterly Cash Dividend 5 Percent to $0.0575 Per Share
MINNEAPOLIS, Oct 10, 2002 (BUSINESS WIRE) -- The Board of Directors of Apogee
Enterprises, Inc. (Nasdaq:APOG) announced it has declared a regular quarterly
cash dividend of $0.0575 per share, payable November 13, 2002 to shareholders of
record October 28, 2002. This marks the 26th year of dividend growth since
Apogee began paying dividends in 1974. The company has approximately 27.7
million shares outstanding.
"We are pleased to again increase our dividend," said Russell Huffer, chairman, president and chief executive officer. "We continue to focus on cost control and operational improvements, which has allowed us to maintain our guidance for fiscal 2003 of $1.00 per share despite the challenging economy."
Apogee Enterprises, Inc., headquartered in Minneapolis, is a world leader in technologies involving the design and development of value-added glass products, services and systems. The company is organized in three segments:
-- Architectural products and services companies design,
engineer, fabricate, install and renovate the walls of glass
and windows comprising the outside skin of commercial and
institutional buildings.
-- Automotive replacement glass and services companies fabricate,
repair and replace automobile windshields and windows.
-- Large-scale optical technologies companies develop and produce
high technology glass that enhances the visual performance of
products for the display, imaging and picture framing
industries.
CONTACT: Apogee Enterprises, Inc., Minneapollis
Investor Relations:
Mary Ann Jackson, 952/830-0674
mjackson@apog.com
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