CHICAGO, Dec. 3, 2015 /PRNewswire/ -- JBT
Corporation (NYSE: JBT) today announced an 11 percent increase
in its quarterly dividend.
The Company's Board of Directors declared a fourth quarter 2015
cash dividend of $0.10 per share of
outstanding common stock, up from the previous quarterly dividend
of $0.09 per share. The dividend will
be payable on December 28, 2015 to
stockholders of record at the close of business on December 14, 2015.
The Board of Directors also authorized a new share repurchase
plan of up to $30 million of the
Company's common stock, effective January 1,
2016 through December 31,
2018. The timing, price and volume of repurchases will be
based on market conditions, relevant securities laws and other
factors. The Company's existing plan will expire on December 31, 2015 in accordance with its terms,
with all remaining share repurchase capacity under the existing
plan expiring unutilized at such time.
JBT Corporation (NYSE: JBT) is a leading global technology
solutions provider to the food processing and air transportation
industries. JBT Corporation designs, manufactures, tests and
services technologically sophisticated systems and products for
regional and multi-national industrial food processing customers
through its JBT FoodTech segment and for domestic and international
air transportation customers through its JBT AeroTech segment. JBT
Corporation employs approximately 4,200 people worldwide and
operates sales, service, manufacturing and sourcing operations
located in over 25 countries. For more information please
visit www.jbtcorporation.com.
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SOURCE JBT Corporation