O.I. Corporation Announces Cash Dividend, Expanded Stock Repurchase Program, Extension of VAR Agreement With Agilent Technologie
28 Gennaio 2010 - 5:20PM
Marketwired
O.I. Corporation (NASDAQ: OICO) today announced that its Board of
Directors declared a quarterly cash dividend of $0.05 per common
share payable on March 1, 2010 to shareholders of record at the
close of business on February 12, 2010.
The Company also announced today that its Board of Directors has
authorized the Company to repurchase up to an additional 100,000
shares of the Company's outstanding common stock under the Board's
previously authorized August 2006 stock repurchase program. With
this addition, the Company is authorized to purchase up to
approximately 136,007 shares under the program. Stock repurchases
under this program may be made from time to time through open
market purchases or privately negotiated transactions. The timing
and actual number of shares repurchased will depend on market
conditions, regulatory requirements concerning open market
purchases, and management discretion. The repurchase program may be
suspended or discontinued at any time.
Finally, the Company announced that the terms of its Value Added
Reseller Agreement with Agilent Technologies have been extended and
modified through an amendment. The amendment renews the Agreement
through December 31, 2010, establishes new sales volume targets for
the Company, and provides for volume-based discount on eligible
products. The Company will file a copy of the Amendment with its
upcoming Report on Form 10-K.
Annual Meeting of Shareholders
The Company's Annual Meeting of Shareholders will be held
Tuesday, May 18, 2010 at the Company's headquarters in College
Station, Texas. Shareholders of record as of March 31, 2010 will be
authorized to vote at the meeting.
About O.I. Corporation:
O.I. Corporation, dba OI Analytical, develops, manufactures,
sells, and services analytical instrumentation that detects,
measures, analyzes, and monitors chemicals in liquids, solids, and
gases. Providing products used to digest, extract, and separate
components of chemical mixtures, the Company designs
application-specific solutions for various industries including
environmental testing, defense, and petrochemical. Headquartered in
College Station, Texas, the Company's products are sold
worldwide.
Visit the Company's worldwide web site at:
http://www.oico.com
Investor Relations: Bruce Lancaster Chief Executive Officer
& Chief Financial Officer 979.690.1711
Grafico Azioni O. I. Corp. (MM) (NASDAQ:OICO)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni O. I. Corp. (MM) (NASDAQ:OICO)
Storico
Da Giu 2023 a Giu 2024