Apogee Enterprises Increases Quarterly Dividend by Nine Percent
12 January 2023 - 10:30PM
Business Wire
Apogee’s Tenth Consecutive Year with a Dividend
Increase
Apogee Enterprises, Inc. (Nasdaq: APOG) announced today
that its Board of Directors has declared a quarterly cash dividend
of $0.24 per share, a nine percent increase from its previous
quarterly dividend rate of $0.22 per share. The dividend will be
payable on February 15, 2023, to shareholders of record at the
close of business on January 31, 2023. This marks Apogee’s tenth
consecutive year with a dividend increase, during which time the
quarterly dividend has grown by 167 percent, from $0.09 per share
to $0.24 per share.
“This dividend increase reflects our improved operational
performance, strong financial position, and ability to generate
consistent cash flow,” said Ty R. Silberhorn, Chief Executive
Officer. “As we continue to execute our strategy, we’re committed
to delivering value through investing in profitable growth and
returning capital to our shareholders.”
About Apogee Enterprises, Inc.
Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of
architectural products and services for enclosing buildings, and
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.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. The words “believe,” “expect,” “anticipate,” “intend,”
“estimate,” “forecast,” “project,” “should” and similar expressions
are intended to identify “forward-looking statements”. These
statements reflect Apogee management’s expectations or beliefs as
of the date of this release. The company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
These forward-looking statements are subject to significant risks
that could cause actual results to differ materially from the
expectations reflected in the forward-looking statements. More
information concerning potential factors that could affect future
financial results is included in the company’s Annual Report on
Form 10-K for the fiscal year ended February 26, 2022 and in
subsequent filings with the U.S. Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20230112005196/en/
Jeff Huebschen Vice President, Investor Relations &
Communications 952.487.7538 ir@apog.com
Apogee Enterprises (NASDAQ:APOG)
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