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

IntelliDyne Founder Robert Grey Returns to CEO Post

Robert Grey, founder of IntelliDyne, has been appointed to serve again as CEO of the Falls Church, Va.-based information technology services provider.

Charles Romine, Director of NIST IT Lab, to Give Keynote Address at Potomac Officers Club’s AI Summit 2020 on Feb. 13th

Charles Romine, director of the Information Technology Laboratory (ITL) at the National Institute of Standards and Technology (NIST), will serve as a keynote speaker during Potomac Officers Club’s 2nd Annual Artificial Intelligence Summit 2020 on Thursday, Feb. 13th.