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Article: American Eagle Outfitters Announces Additional 7 Million Shares Authorized for Share Repurchase Program.
- Article from:
- Business Wire
- Article date:
- March 6, 2007
CopyrightCOPYRIGHT 2007 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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Declares Quarterly Cash Dividend
WARRENDALE, Pa. -- American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that its Board of Directors authorized an additional 7 million shares for its repurchase program. During the fourth quarter, the company completed the repurchase of the 2.3 million shares that were available under its previous authorizations. In fiscal 2006, the company repurchased a total of 5.3 million shares.
The Board of Directors also declared a quarterly cash dividend of $0.075 per share payable on April 13, 2007 to stockholders of record at the close of business on March 30, 2007.
"We are pleased that American Eagle's ...