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Stock Repurchase and Dividends | 9 Months Ended
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Jul. 02, 2017
Stock Repurchase and Dividends |
Stock Repurchase and Dividends | 6. Stock Repurchase and Dividends On November 7, 2016, the Board of Directors authorized a new stock repurchase program under which we could repurchase up to $200 million of our common stock. In the first nine months of fiscal 2017, we repurchased through open market purchases under this program a total of 1,352,999 shares at an average price of $44.35 for a total cost of $60.0 million. On November 7, 2016, the Board of Directors declared a quarterly cash dividend of $0.09 per share payable on December 14, 2016 to stockholders of record as of the close of business on December 1, 2016. On January 30, 2017, the Board of Directors declared a quarterly cash dividend of $0.09 per share payable on March 3, 2017 to stockholders of record as of the close of business on February 17, 2017. On May 1, 2017, the Board of Directors declared a quarterly cash dividend of $0.10 per share payable on June 2, 2017 to stockholders of record as of the close of business on May 18, 2017. Dividends totaling $16.0 million and $14.6 million were paid in the first nine months of fiscal 2017 and 2016, respectively. Subsequent Event. On July 31, 2017, the Board of Directors declared a quarterly cash dividend of $0.10 per share payable on September 1, 2017 to stockholders of record as of the close of business on August 17, 2017.

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