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CLARCOR Announces $250 Million Stock Repurchase Program and Regular Quarterly Dividend

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  Published in House and Home on Friday, June 25th 2010 at 6:51 GMT by Market Wire
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FRANKLIN, Tenn.--([ BUSINESS WIRE ])--At its regular meeting held June 22, 2010, the Board of Directors of CLARCOR Inc. (NYSE:CLC) authorized a $250 million stock repurchase program. Pursuant to the authorization, CLARCOR may purchase shares from time to time in the open market or through privately negotiated transactions over the next three years. CLARCOR has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares to be purchased will depend on CLARCORa™s stock price and market conditions. This authorization replaces CLARCORa™s previous share repurchase authorization which was due to expire on June 25, 2010.

CLARCORa™s Board of Directors also declared a regular quarterly dividend of $0.0975 per share. The dividend is payable Friday, July 23, 2010 to shareholders of record on July 9, 2010.

CLARCOR is based in Franklin, Tennessee, and is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. Common shares of the Company are traded on the New York Stock Exchange under the symbol CLC.