CHICAGO, Dec. 1, 2021 /PRNewswire/ -- JBT
Corporation (NYSE: JBT) announced that on December 1, 2021 its Board of Directors declared
a quarterly cash dividend of $0.10
per share of outstanding common stock. The dividend will be payable
on December 27, 2021 to stockholders
of record at the close of business on December 13, 2021.
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,
2022 through December 31,
2024. The timing, price, and volume of the repurchases will
be based on market conditions, relevant securities laws, and other
factors. The Company's existing plan will expire on December 31, 2021 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 high-value segments of the food &
beverage industry with focus on proteins, liquid foods and
automated system solutions. JBT designs, produces and services
sophisticated products and systems for multi-national and regional
customers through its FoodTech segment. JBT also sells critical
equipment and services to domestic and international air
transportation customers through its AeroTech segment. JBT
Corporation employs approximately 6,400 people worldwide and
operates sales, service, manufacturing, and sourcing operations in
more than 25 countries. For more information, please visit
www.jbtc.com.
Investors & Media: Kedric
Meredith (312) 861-6034
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SOURCE JBT Corporation