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CLARCOR (CLC) Announces $250M Common Buyback; Declares $0.0975 Quarterly Dividend, 1.1% Yield

Published Fri, 25 Jun 2010 10:03:09 -0400 on StreetInsider

At its regular meeting held June 22, 2010, the Board of Directors of CLARCOR Inc. (NYSE: CLC) authorized a $250 million stock repurchase program. Pursuant to the authorization, CLARCOR may purchase shares from time to time in the open market or through privately negotiated transactions over the next three years. CLARCOR has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares to be purchased will depend on CLARCOR’s stock price and market conditions. This authorization replaces CLARCOR’s previous share repurchase authorization which was due to expire on June 25, 2010. CLARCOR’s Board of Directors also declared a regular quarterly dividend of $0.0975 per share, or $0.39 annualized. The dividend is payable Friday, July 23, 2010 to shareholders of record on July 9, 2010. The ex-dividend date is July 7, 2010. Yield on the dividend is 1.1%.... Read more

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