Arbitron Pays Quarterly Dividend; OKs Stock Buyback
November 16, 2006 at 3:15 PM (PT)
ARBITRON announced that its Board of Directors has approved the payment of a quarterly cash dividend of 10 cents per common share (40 cents per share on an annualized basis). The dividend will be paid on JANUARY 2, 2007 to shareholders of record as of the close of business on DECEMBER 15.
ARBITRON's board also authorized a stock repurchase program under which the company will buy back up to $100 million in shares of the company's common stock. In the second quarter of 2006, ARBITRON completed a previously authorized $70 million stock repurchase program.
As of OCTOBER 31, ARBITRON reports there were approximately 29,425,309 shares outstanding.