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.
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