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.
Jeff Huebschen
Vice President, Investor Relations & Communications
952.487.7538
ir@apog.com
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Apogee Enterprises Inc. published this content on 17 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 January 2019 12:43:08 UTC
Apogee Enterprises, Inc. is a provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used for preservation, energy conservation, and enhanced viewing. The Company's segments include Architectural Framing Systems, Architectural Glass, Architectural Services and Large-Scale Optical (LSO). Architectural Framing Systems segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems for the exterior of buildings. Architectural Glass segment coats and fabricates high-performance glass used in custom window and wall systems on non-residential buildings. Architectural Services segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install building glass and curtainwall systems. LSO segment manufactures high-performance glazing products for the custom framing, fine art, and engineered optics markets.