Courtesy of Benzinga.
Epiq Systems, Inc. (Nasdaq: EPIQ) announced that its Board of Directors approved a share repurchase program, authorizing up to $35 million in share repurchases. As of June 1, 2012, Epiq had approximately 36 million shares of common stock outstanding.
Tom W. Olofson, chairman and CEO of Epiq Systems, stated, “The combination of our quarterly dividend, which we recently increased by 30%, and the share repurchase program demonstrates the continued confidence we have in our company and our commitment to build long-term shareholder value. Our strong performance and financial flexibility enable us to return value to our shareholders through our dividend and repurchase programs.”
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