EPIQ Systems Keeps Dividend Steady, Jumpstarts Buybacks
Sep 5th 2013 8:23PM
Updated Sep 5th 2013 8:24PM
Legal profession technology specialist EIPQ Systems announced today its third-quarter dividend of $0.09 per share, the same rate it's paid for the past five quarters.
The board of directors said the quarterly dividend is payable on Dec. 9 to the holders of record at the close of business on Nov. 1. The regular dividend payment equates to a $0.36-per-share annual dividend, yielding 3% based on the closing price today of EPIQ Systems' stock.
The board also said that it has reactivated its share repurchase program. Last year, EPIQ authorized a $35-million buyback plan and, as of June 30, had bought up some $31.7 million worth of stock. It will continue to buy back shares as market conditions warrant.
The article EPIQ Systems Keeps Dividend Steady, Jumpstarts Buybacks originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.