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Acxiom declares dividend, increases stock buyback program Friday, Feb 15, 2008 Arkansas News Bureau LITTLE ROCK - The board of directors of Acxiom Corp. declared a quarterly cash dividend of 6 cents per share on Thursday and also announced it had authorized a $25 million increase in its stock repurchase program. The 6-cent quarterly dividend is payable on March 17 to shareholders of record as of the close of business February 25. In October, the company announced a 12-month, $75 million program whereby the company would repurchase its common stock in open market or privately negotiated transactions, depending on prevailing market conditions or other factors. This Wednesday, Acxiom's board of directors voted to increase the authorization to $100 million. So far, Acxiom has purchased approximately 4.175 million shares for a total purchase price of $50.6 million. The repurchase program may be suspended or discontinued at any time, company officials said. Shares of Acxiom (NasdaqGS: ACXM) closed Thursday at $12.52, up 46 cents for a 3.8 percent gain. |
