Capital AllocationThe Company announced today that its Board of Directors declared a regular, quarterly cash dividend of $1.00 per share to be paid on December 10, 2012 to shareholders of record as of November 26, 2012. The Company also announced that it does not currently intend to pay a regular quarterly dividend in 2013. In addition, the Company announced that the Company's Board of Directors amended its share repurchase program to authorize the repurchase of up to $120 million in value of the Company's common stock. The Company had $80 million left under its authorization at September 30, 2012 and at the time the new authorization was approved by the Company’s Board of Directors. The Company intends to conduct such purchases, if any, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. This share repurchase program may be modified, suspended or terminated at any time by the Company without notice.
Strayer Education, Inc. Reports Third Quarter 2012 Revenues And Earnings; And Fall Term 2012 Enrollments
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