JBT Corporation Declares Quarterly Dividend and Extends Share Repurchase Authorization
CHICAGO, Dec. 4, 2014 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced that its Board of Directors has declared its fourth quarter 2014 cash dividend of $0.09 per share of outstanding common stock. The dividend will be payable on December 29, 2014 to stockholders of record at the close of business on December 15, 2014.
The Board of Directors also extended the Company's existing share repurchase plan by a year to December 31, 2015. The Company was originally authorized to repurchase up to $30 million of its common stock in 2011. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,500 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com.
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SOURCE JBT Corporation