Apogee Enterprises Declares Quarterly Cash Dividend and Announces Increased Share Repurchase Authorization

Rhea-AI Summary

Apogee Enterprises, Inc. declares quarterly cash dividend and increases share repurchase authorization.

Positive

• Apogee Enterprises, Inc. has declared a quarterly cash dividend of $0.24 per share.
• The company's existing share repurchase authorization has been increased by 2 million shares.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Apogee Enterprises, Inc. (Nasdaq: APOG) announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share. The dividend will be payable on November 8, 2023, to shareholders of record at the close of business on October 24, 2023.

Apogee’s Board also increased the company’s existing share repurchase authorization by 2 million shares, bringing the total available share repurchase program to approximately 2.97 million shares. The company will continue to evaluate future share repurchases, considering cash flow, debt levels, market conditions, and other capital allocation options.

About Apogee Enterprises, Inc.

Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used for preservation, energy conservation, and enhanced viewing. Headquartered in Minneapolis, MN, our portfolio of industry-leading products and services includes high-performance architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, as well as value-added glass and acrylic for custom picture framing and displays. For more information, visit www.apog.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231006757571/en/

Jeff Huebschen

Vice President, Investor Relations & Communications

952.487.7538

ir@apog.com

Source: Apogee Enterprises, Inc.

FAQ

What is the amount of the quarterly cash dividend declared by Apogee Enterprises, Inc.?

Apogee Enterprises, Inc. has declared a quarterly cash dividend of $0.24 per share.

What is the total available share repurchase program now?

The total available share repurchase program is now approximately 2.97 million shares.