Agilent Technologies Authorizes New Share Repurchase Program and Increases
SANTA CLARA, Calif. -- January 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
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.
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
Agilent Technologies Inc.
Amy Flores, +1 408-345-8194
Alicia Rodriguez, +1 408-345-8948
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