Green Plains announces share repurchase program and doubles cash dividend
Omaha, USA - Green Plains Inc. announced that its Board of Directors has approved a share repurchase program of up to $100 million of the Company's shares of common stock effective immediately.
The Board of Directors also declared a quarterly cash dividend of $0.08 per share on the Company's common stock. The cash dividend announced represents a 100% increase from the previous quarterly cash dividend. The dividend will be payable on September 18, 2014 to shareholders of record as of the close of business August 28, 2014.
"The strong financial performance we have achieved allows us to enhance our capital allocation strategy with a share repurchase program and an increased dividend for our shareholders," said Todd Becker, President and Chief Executive Officer. "We will also remain focused on growing long-term shareholder value through acquisitions and organic growth opportunities."
Source: IWR Online, 18 Aug 2014