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Article: Jabil Declares First Quarterly Dividend; Management Confident in Cash Flow Growth.
- Article from:
- Business Wire
- Article date:
- May 4, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. PETERSBURG, Fla. -- Jabil Circuit, Inc. (NYSE:JBL), a global electronic product solutions company, today announced that its Board of Directors has approved the payment of the Company's first quarterly dividend to common stockholders. The dividend of $0.07 per share is payable on June 1, 2006 to shareholders of record on May 15, 2006.
The Board of Directors authorized the dividend based on management's confidence in the strength of the Company's long-term cash flow generation and its continued commitment to working capital discipline. "We are in a unique position. Our long term prospects have never looked better and we now have the ability to fund our ...