Apogee Enterprises Raises Quarterly Cash Dividend 4 Percent to $0.06 Per Share
MINNEAPOLIS--Oct. 9, 2003--The Board of Directors of Apogee Enterprises, Inc. announced it has declared a regular quarterly cash dividend of $0.06 per share, payable November 12, 2003 to shareholders of record October 29, 2003. The dividend of $0.06 per share represents an increase of 4 percent from the previous quarterly dividend of $0.0575 per share. This marks the 27th year of dividend growth since Apogee began paying dividends in 1974. The company has approximately 27.5 million shares outstanding."We are pleased to again increase our dividend as part of our commitment to enhance shareholder value," said Russell Huffer, chairman, president and chief executive officer. "We continue to focus on growth strategies, cost control and operational improvements, as we weather the challenging economy."
Apogee Enterprises, Inc., headquartered in Minneapolis, is a world leader in technologies involving the design and development of value-added glass products, services and systems. The company is organized in three segments:
-- Architectural products and services companies design, engineer, fabricate, install and renovate the walls of glass and windows comprising the outside skin of commercial and institutional buildings.
-- Large-scale optical technologies companies develop and produce high technology glass that enhances the visual performance of products for the display, imaging and picture framing industries.
-- Automotive replacement glass and services segment consists of a fabricator of aftermarket foreign and domestic car windshields.