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
COL,
+0.82%
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: https://www.marketwatch.com/story/rockwell-collins-raises-dividend

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See also  https://www.marketwatch.com/story/global-air-conditioner-ac-market-report-2021-top-companies-growth-rate-trends-product-profiles-development-plans-and-demand-status-forecast-to-2025-2021-06-02

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