Flowserve Corporation Buyback
OLI recorded this information on 11/17/2014
Flowserve Corporation, (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its Board of Directors has authorized a replenished stock repurchase authorization to $500 million and declared a quarterly cash dividend of $0.16 per share on the company's outstanding shares of common stock.
Flowserve is a manufacturer and aftermarket service provider of flow control systems. Co. develops and manufactures flow control equipment integral to the movement, control and protection of the flow of materials in its customers' processes. Co.'s segments are: Flowserve Pump Division, which are for custom, pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services; and Flow Control Division, which are for engineered and industrial valves, control valves, actuators and controls and related services.
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Hold (2.50 out of 4)