ATK Initiates First Quarterly Cash Dividend
Share:
$0.20 Per Share Dividend Supported by Strong Cash Flow and Long-Term Operating Strength
Dividend Initiation Delivers Additional Value to ATK Shareholders
MINNEAPOLIS, Nov. 4, 2010 ATK (NYSE: ATK) announced today that its Board of Directors has declared the company's first quarterly cash dividend. The $0.20 per share dividend will be payable on March 4, 2011, to shareholders of record on February 8, 2011.
"Delivering long-term value to our shareholders is a top priority of the company," said President and CEO Mark DeYoung. "The demonstrated strength of ATK's cash flow provides us the confidence and opportunity to initiate a quarterly cash dividend while maintaining the financial flexibility and capability to pursue profitable growth."
Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the company's Board of Directors.
ATK is a premier aerospace and defense company with operations in 24 states, Puerto Rico, and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com.
