SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 17, 2013--
Agilent Technologies Inc. (NYSE: A) today announced that its board of
directors has authorized the repurchase of up to $500 million of the
company’s common stock during fiscal 2013. The new repurchase
authorization replaces Agilent’s existing stock repurchase program,
which authorized the repurchase of shares to reduce or eliminate share
dilution from equity programs.
The board has also authorized a 20 percent increase in the quarterly
dividend, from $0.10 to $0.12 per share, beginning in the second quarter
of 2013. The second quarter dividend will be paid on April 24 to all
stockholders of record as of the close of business on April 2.
Agilent CEO Bill Sullivan said, “Today’s announcement of the stock
repurchase program and increased quarterly dividend reflects our
confidence in Agilent’s future cash generation capabilities and our
commitment to return capital to shareholders.”
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 20,500
employees serve customers in more than 100 countries. Agilent had net
revenues of $6.9 billion in fiscal 2012. Information about Agilent is
available at www.agilent.com.
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 and dividend 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 or declared, as the case may be,
to be less than currently anticipated. Also, 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-K for the fiscal year ended Oct. 31, 2012.
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.
Source: Agilent Technologies Inc.
Agilent Technologies Inc.
Editorial Contact:
Amy Flores, +1
408-345-8194
amy_flores@agilent.com
Investor
Contact:
Alicia Rodriguez, +1 408-345-8948
alicia_rodriguez@agilent.com