boosted its share-buyback program by a million shares Friday, saying it remains committed to buying back stock.
The Pittsburgh-based tech infrastructure company said it is now cleared to buy back 1.4 million shares, or 8% of its outstanding stock. The company bought back 552,000 shares during the first quarter for $25 million.
The move comes a day after Black Box boosted its quarterly dividend by a penny to 6 cents.
On Friday, the stock was flat at $33.60.