Black & Decker Corp. of Towson boosts stock buyback
Daily Record, The (Baltimore), Oct 18, 2007
Power tool maker Black & Decker Corp., of Towson, said it increased its stock buyback program by 4 million shares. The company repurchased approximately 4.3 million shares in the third quarter and 5.4 million shares year-to-date. With the latest authorization, about 4.9 million shares are approved for the repurchase program, the company said.
Black & Decker also announced that it will pay a quarterly cash dividend of 42 cents per share of common stock, payable Dec. 28 to stockholders of record at close of business on Dec. 14.
Copyright 2007 Dolan Media Newswires
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