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Williams-Sonoma Inc Announces 41% Dividend Increase And Three-Year $750 Million Stock Repurchase Program


Tuesday, 19 Mar 2013 04:12pm EDT 

Williams-Sonoma Inc announced that its Board of Directors has authorized a 41% increase in the Company's quarterly cash dividend to $0.31 per share and a new $750 million stock repurchase program that the Company intends to execute over the next three years. The quarterly dividend is payable on May 24, 2013 to stockholders of record as of the close of business on April 26, 2013. This new stock repurchase program authorizes the purchase of $750 million of the company`s common stock through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors, including price, corporate and regulatory requirements, capital availability and other market conditions. The stock repurchase program does not have an expiration date and may be limited or terminated at any time without prior notice. Under the stock repurchase program authorized by the Board of Directors in January 2012, a total of 5,978,162 shares of common stock were repurchased and retired at a weighted average cost of $37.55 per share and an aggregate cost of $225 million. 

Company Quote

65.4
-0.04 -0.06%
22 Oct 2014