announced Friday that its board approved a rise in the quarterly dividend from 2.5 cents a share to 6.25 cents a share. The dividend will be payable to shareholders on June 1.
The company also announced that it increased its stock repurchase authority by $30 million to $100 million.
"The dividend increase and additional share repurchase authorization reflect our strong cash flow, our confidence in the company's performance outlook, and our focus on enhancing long-term shareholder value," the company said.
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