Rockwell Collins raises dividend 33%

SAN FRANCISCO (CBS.MW) – Rockwell Collins’ board has voted to boost the quarterly dividend paid on its common stock to by 3 cents, a 33 percent jump, the company said Wednesday.

The move, payable to shareholders as of Aug. 12, brings the Cedar Rapids, Iowa-based communications and aviation electronics company’s common stock dividend to 12 cents a share.

The board also authorized the company to buy back $200 million of its common stock. With this latest move, Rockwell Collins will have repurchased $600 million worth of shares since late 2001.

As of June 20, Rockwell Collins
has bought back 15.8 million shares of its stock, totaling $390 million at an average cost of $23.73 a share.

Rockwell Collins shares posted a 12-cent gain Wednesday, ending the session at $33.32.

View more information:

Articles in category: moneyist
See also

Leave a Reply

Back to top button