SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 22, 2013--
Agilent Technologies Inc. (NYSE: A) today announced that its board of
directors has authorized a new share repurchase program, effective upon
the conclusion of the company’s existing $1 billion repurchase program.
The new repurchase program is designed to reduce or eliminate dilution
resulting from issuances of stock under the company’s employee equity
incentive programs to maintain a share count of approximately 335
million diluted shares.
The board has also authorized a 10 percent increase in the quarterly
dividend to $0.132 per share. The dividend will be paid on Jan. 22,
2014, to all stockholders of record as of the close of business on Dec.
31, 2013.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world’s premier measurement
company and a technology leader in chemical analysis, life sciences,
diagnostics, electronics and communications. The company’s 20,600
employees serve customers in more than 100 countries. Agilent had
revenues of $6.8 billion in fiscal 2013. Information about Agilent is
available at www.agilent.com.
On Sept. 19, 2013, Agilent announced plans to separate into two publicly
traded companies through a tax-free spinoff of its electronic
measurement company. The separation is expected to be completed in early
November 2014.
Forward-Looking Statements
This news release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. The forward-looking statements contained herein
include, but are not limited to the company’s plans regarding its stock
repurchase program and dividend program. These forward-looking
statements involve risks and uncertainties that could cause Agilent’s
results to differ materially from management’s current expectations. For
example, the execution of the stock repurchase program will depend on
factors such as the stock price, economic and market conditions, and
corporate and regulatory requirements, which factors could cause actual
amounts repurchased to be less than currently anticipated. Also, the new
repurchase program does not require the company to acquire a specific
number of shares, and may be suspended or discontinued at any
time. Additionally, the timing and amounts of future dividends are
subject to approval by Agilent’s board of directors. Agilent’s risks and
uncertainties are detailed in Agilent’s filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-Q for the
fiscal quarter ended July 31, 2013. Forward-looking statements are based
on the beliefs and assumptions of Agilent’s management and on currently
available information. Agilent undertakes no responsibility to publicly
update or revise any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and executive
news is available at www.agilent.com/go/news.
Source: Agilent Technologies Inc.
Agilent Technologies Inc.
Amy Flores, +1 408-345-8194 (Editorial)
amy_flores@agilent.com
Alicia
Rodriguez, +1 408-345-8948 (Investor)
alicia_rodriguez@agilent.com