Home / Financial Report / David Thompson: Orbital ATK Board OKs $75M Share Buyback Plan

David Thompson: Orbital ATK Board OKs $75M Share Buyback Plan

David Thompson
David Thompson

The board of directors of Orbital ATK (NYSE: OA) has authorized the repurchase of as much as $75 million of its common stock from shareholders through the end of the year.

“I am very pleased that our board has adopted management’s recommendations for a balanced and sustainable plan to return capital to shareholders, ” David Thompson, the company’s president and CEO, said Thursday.

Orbital ATK’s capital allocation plan also includes the quarterly dividend payout of $0.26 per share for stockholders of record as of June 8.

The company said the dividend is payable in cash on June 25.

Check Also

General Dynamics to Continue INSCOM IT Support Under Potential $300M Contract

A business unit of General Dynamics (NYSE: GD) has received a potential $300 million contract to continue to …

Serco’s US Arm Secures Potential $232M IDIQ to Help Sustain Navy Electronic Surveillance Systems

Serco Group‘s U.S. subsidiary has won a potential five-year, $232 million contract to help the Naval …

Subscribe to our Newsletter
I will subscribe later