Fisher Announces 2013 Stock Repurchase Plan
December 17, 2012 at 7:03 AM (PT)
FISHER COMMUNICATIONS, INC. has announced its 2013 share repurchase program, with the board authorizing the company to buy back up to $15 million of its common stock next year.
"We are pleased that our continued financial strength enables us to return capital to our shareholders. The Board's approval of a share repurchase program for 2013, coupled with the over $92 million that we returned to FISHER shareholders in 2012 in the form of cash dividends and share repurchases, demonstrates this ongoing commitment. As we look ahead, we will continue to evaluate additional opportunities that we believe will deliver value to our investors," said Pres./CEO COLLEEN B. BROWN.
So far in 2012, the company has repurchased 100,852 shares of its common stock for an approximate aggregate amount of $2.5 million in calendar year 2012.