General Cable Corp Announces Initiation Of Quarterly Dividend And Extends $125 Million Share Repurchase Authorization Through The End Of 2013


Monday, 20 May 2013 04:15pm EDT 

General Cable Corp announced that Board of Directors has authorized the payment of a regular quarterly dividend. The Board declared an initial quarterly dividend of $0.18 per share, payable on June 28, 2013 to all common shareholders of record as of June 10, 2013. The quarterly dividend is the first for General Cable since 2002. In addition, the Board extended the Company`s existing $125 million, one-year share repurchase program originally adopted in October 2012. The 2012 repurchase program authorization will now continue through the end of 2013. This program has not been utilized by the Company principally due to restrictions implemented while the Company restated its financial statements at the end of 2012 and into the early part of 2013. 

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