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03.11.2016 22:44:22
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KAR Auction Services Announces Share Repurchase Authorization - Quick Facts
(RTTNews) - KAR Auction Services, Inc. (KAR) announced its board has authorized the repurchase of up to $500 million of the company's outstanding common stock over the next three years. The company also announced a cash dividend of $0.32 per share on the company's common stock, an increase of $0.03 per share from the previous dividend. The dividend is payable on January 6, 2017, to stockholders of record as of the close of business on December 21, 2016.
Separately, KAR Auction Services stated that its stated 2016 outlook remains unchanged.
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