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Global Power Equipment Group Initiates Quarterly Dividend and Authorizes Stock Repurchase Program

By Insider Scoop
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Courtesy of Benzinga.

Global Power Equipment Group Inc. (Nasdaq: GLPW) today announced that its Board of Directors has approved the payment of a quarterly cash dividend to stockholders and authorized a stock repurchase program.

The initial quarterly cash dividend of $0.09 per share will be paid on or about June 29, 2012, to stockholders of record as of the close of business on June 13, 2012. The stock repurchase program authorizes the purchase of up to 2 million shares of Global Power’s common stock, par value $0.01, through June 30, 2014.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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