Apogee Enterprises Raises Quarterly Cash Dividend 4 Percent to $0.0625 Per Share
MINNEAPOLIS--(BUSINESS WIRE)--Oct. 8, 2004--The Board of Directors of Apogee Enterprises, Inc. (Nasdaq:APOG) announced it has declared a regular quarterly cash dividend of $0.0625 per share, payable November 10, 2004 to shareholders of record October 27, 2004. The dividend of $0.0625 per share represents an increase of 4 percent from the previous quarterly dividend of $0.06 per share. This marks the 28th year of dividend growth since Apogee began paying dividends in 1974. The company has approximately 27.3 million shares outstanding.
"We are pleased to increase our dividend again as part of our commitment to enhance shareholder value," said Russell Huffer, chairman, president and chief executive officer. "We continue to focus on growth strategies and operational improvements, and recently announced we are investing in new architectural glass fabrication capacity."
Apogee Enterprises, Inc. (www.apog.com), 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, maintain and renovate the walls
of glass and windows comprising the outside skin of commercial
and institutional buildings.
-- Large-scale optical technologies segment consists of a
developer and producer of high technology glass and acrylic
that enhances the visual performance of products for the
picture framing, display and imaging industries.
-- Automotive replacement glass and services segment consists of
a fabricator of aftermarket foreign and domestic car
windshields.
CONTACT: Apogee Enterprises, Inc., Minneapolis
Investor Relations:
Mary Ann Jackson, 952-830-0674
mjackson@apog.com
SOURCE: Apogee Enterprises, Inc.