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Questcor Pharmaceuticals Inc Initiates Quarterly Cash Dividend and Expands Stock Repurchase Program

Friday, 28 Sep 2012 08:30am EDT 

Questcor Pharmaceuticals Inc announced that its Board of Directors has adopted a policy to pay a regular quarterly dividend in such amounts as the Board of Directors may determine from time to time. The Board of Directors has declared an initial quarterly cash dividend of $0.20 per share to all shareholders of record at the close of business on October 31, 2012. The initial dividend will be paid on or about November 15, 2012. The Company also announced that its Board of Directors has increased the Company's common stock repurchase program to seven million shares. This includes the 3.2 million shares that were remaining under the prior authorization. 

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