ITT Corporation Buyback
OLI recorded this information on 2/27/2013
Company:
ITT Corporation
Buyback:
ITT buyback
$Amount Authorized:
$75,000,000
Buyback Details:
ITT Corporation (NYSE:ITT) announced today it will continue to return capital to shareowners by executing up to $75 million of additional share repurchases and increasing its dividend by 10 percent to 10 cents per share. The ITT Board of Directors has approved the cash dividend for the first quarter of 2013, which will be payable on April 1, 2013, to shareowners of record on March 15, 2013.
ITT is a manufacturer of engineered components and customized technology solutions for the transportation, industrial, and energy markets. Co.'s segments are: Motion Technologies, which manufactures brake pads, shims, shock absorbers, energy absorption components, and sealing technologies; Industrial Process, which provides a portfolio of industrial pumps, valves, and plant optimization systems and services; and Connect and Control Technologies, which designs and manufactures a range of connectors and products for applications supporting various markets including aerospace and defense, industrial, transportation, medical, and oil and gas.
ITT SEC Filing Email Alerts Service
Open the ITT Page at The Online Investor »
|
||||||||||||||||||||||||
Open the ITT Page at The Online Investor (in a new window) »
 Free ITT Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Strong Buy (3.50 out of 4) 47th percentile
(ranked lower than approx. 53% of all stocks covered)
Analysts' Target Price: ITT Stock Forecast Based on Zacks ABR data; powered by Xignite |
