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.

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