Communications system integrator Black Box Corp. announced recently that its board of directors approved an increase of 1 million shares under the existing share repurchase program and declared a quarterly cash dividend of $0.08 per share of its Common Stock.

With the increase in the share repurchase program, Black Box now has authorization to repurchase 1.2 million of its shares, or approximately 8 percent of the current outstanding shares. The $0.08 per share dividend was declared on all outstanding shares of Black Box's Common Stock and will be payable on January 11, 2013, to stockholders of record at the close of business on December 28, 2012.

"Through the first half of Fiscal 2013, we repurchased 1.1 million shares, or 8 percent of the outstanding shares of Black Box Common Stock," Black Box CEO Terry Blakemore said in the announcement. "The authorization of an additional 1 million shares is an indication of our confidence in future positive cash flow and provides management with the flexibility to return additional value to our shareholders."

Read more about digital signage installation/integration.

Related Content

User Comments – Give us your opinion!
Products & Services

Custom Branded Bezels


M-400 Multimedia Player


Interactive Video Walls


Comprehensive Services & Partner Resources


Full HD Digital Signage Player Stretches the Possibilities


FWDS55H2/DS - 55” S-series Digital Signage Bundle


4K Signage Player with Very High Performance, DS81


FWD46H2TOUCH - 46” Touch Screen w/ LED Backlight 700 CD/M2


CAYIN SMP-WEB4: Fanless, Web-based Digital Signage Player


Interactive Touch Screen Gallery Software


Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.