BuybackMay 14, 2026, 04:33 PM
JBT Marel Authorizes $200M Share Buyback; Declares $0.10 Dividend
AI Summary
JBT Marel Corporation's Board of Directors authorized a new share repurchase program for up to $200 million of its common stock, effective from June 1, 2026, to May 31, 2029. Concurrently, the Board declared a quarterly cash dividend of $0.10 per share, payable on June 9, 2026, to shareholders of record as of May 26, 2026. These actions reflect the company's capital allocation strategy.
Key Highlights
- Board authorized a new share repurchase program.
- Program allows repurchases of up to $200 million of common stock.
- Effective from June 1, 2026, to May 31, 2029.
- Board declared a quarterly cash dividend of $0.10 per share.
- Dividend payable on June 9, 2026.
- Record date for dividend is May 26, 2026.