Towers Watson Announces Authorization to Repurchase Shares and Increase to Regular Quarterly Dividend
23 August 2014 - 7:00AM
Business Wire
Towers Watson (NYSE, NASDAQ: TW), a leading global professional
services company, announced that its Board of Directors has
approved the purchase of up to $300 million of the company's class
A common stock and has terminated the existing share repurchase
authorizations. Under this new authorization, the company will
continue to offset share dilution as a result of stock based
compensation programs and may make opportunistic repurchases of
common stock from time to time through open-market purchases, in
privately negotiated transactions or otherwise. The amount and
timing of any purchases will depend upon a number of factors,
including the price and availability of the company's shares and
general market conditions. No time limit has been placed on the
duration of the share repurchase program, and it may be
discontinued at any time.
The Company also announced that its Board of Directors approved
a regular quarterly cash dividend of $0.15 per common share for the
quarter ended June 30, 2014. This represents a 7% increase. The
dividend is payable on or about October 15, 2014 to stockholders of
record at the close of business on September 30, 2014.
About Towers Watson
Towers Watson (NYSE, NASDAQ: TW) is a leading global
professional services company that helps organizations improve
performance through effective people, risk and financial
management. The company offers consulting, technology and solutions
in the areas of benefits, talent management, rewards, and risk and
capital management. Towers Watson has more than 14,000 associates
around the world and is located on the web at
www.towerswatson.com.
Towers WatsonAida Sukys, +
703-258-8033Aida.Sukys@towerswatson.com
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