HP to Increase Regular Quarterly Dividend 10%

Hewlett-Packard (NYSE: HPQ) announced today that its board of directors has authorized a regular quarterly dividend of 13.2 cents per share, which it expects to declare in May. The company said the payment represents a 1o percent increase over the previously announced dividend it will disburse on April 4, for stockholders of record on March 14. That dividend will remain at 12 cents per share, according...

BAE Sells Fla. Safety Product Business to Japanese Firm for $32M Cash

BAE Systems has agreed to sell two businesses that produce safety products for defense and aerospace customers to Japanese firm Takata Corp. for around $32 million in cash. The deal will send BAE Systems Safety Products Inc. and BAE’s German subsidiary Schroth Safety Products GmbH to Takata, a manufacturer of seat belts, air bags and child seats. Takata’s announcement said the businesses...

Booz Allen Continues Mulling Cash Moves, Authorizes $30M Share Repurchase

The board of directors for Booz Allen Hamilton‘s (NYSE: BAH) parent company has authorized the company to tap its current cash holdings to repurchase $30 million in shares of its outstanding common stock. The purchases will be made in the open market, possibly in privately-negotiated transactions, the company announced Tuesday. “We continue to look at a number of options for use of our...

ManTech to Fund Acquisitions, Pursue Organic Growth with $500M Credit Facility

ManTech International (NASDAQ: MANT) has issued a new $500 million senior secured credit facility to enhance its capital position and financial flexibility, the company announced today. ManTech said the facility will provide an increased ability to drive organic growth and strategic acquisitions. The five-year credit facility enables borrowings up to $500 million and can expand by up to an additional...

Cash Steps Down From Microsoft Board

James I. Cash Jr., Ph.D., emeritus James E. Robison professor at the Harvard Business School is stepping down from Microsoft’s board of directions. He cites pressure from personal and professional commitments as the reason. Cash, who has been with the board since 2001, stated that he has enjoyed working with the other members. With his departure nine members remain on the board.

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