Nov 9 2011
Sigma-Aldrich® (NASDAQ: SIAL) -- At the Board of Directors meeting held today, the Directors declared a quarterly cash dividend of $.18 per share. The dividend is payable on December 15, 2011 to shareholders of record on December 1, 2011.
The Board of Directors also approved a ten million share increase in the Company's repurchase authorization. This action brings the total authorization to 110 million shares of which 97.625 million shares have been acquired. Shares repurchased are held as treasury shares. The Company expects to offset the dilutive impact of issuing share based compensation with future repurchases. The Company expects to repurchase the 12.375 million remaining authorized shares, but the timing and number of shares purchased, if any, depends upon market conditions and other factors.
SOURCE Sigma-Aldrich