EPIQ Systems Keeps Dividend Steady, Jumpstarts Buybacks

Legal profession technology specialist EIPQ Systemsannounced today its third-quarter dividend of $0.09 per share, the same rate it's paid for the past five quarters.

The board of directors said the quarterly dividend is payable on Dec. 9 to the holders of record at the close of business on Nov. 1. The regular dividend payment equates to a $0.36-per-share annual dividend, yielding 3% based on the closing price today of EPIQ Systems' stock.

The board also said that it has reactivated its share repurchase program. Last year, EPIQ authorized a $35-million buyback plan and, as of June 30, had bought up some $31.7 million worth of stock. It will continue to buy back shares as market conditions warrant.

EPIQ Dividend data by YCharts

The article EPIQ Systems Keeps Dividend Steady, Jumpstarts Buybacks originally appeared on Fool.com.

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