JBT Corporation declares quarterly dividend and announces share buyback program
CHICAGO, December 1, 2021 / PRNewswire / – JBT Company (NYSE: JBT) announced that the December 1, 2021 its board of directors declared a quarterly cash dividend of $ 0.10 per common share outstanding. The dividend will be payable on December 27, 2021 to shareholders of record at the close of business on December 13, 2021.
The Board of Directors also authorized a new share buyback plan for a maximum amount of $ 30 million ordinary shares of the Company, in force January 1, 2022 through the 31st of December, 2024. The timing, price and volume of redemptions will be based on market conditions, relevant securities laws and other factors. The Company’s current plan will expire on December 31, 2021 in accordance with its terms, all remaining share buyback capacities under the existing plan expiring unused at that time.
JBT Corporation (NYSE: JBT) is a leading global provider of technology solutions for high value-added segments of the food industry, with a focus on protein, liquid food and automated system solutions. JBT designs, manufactures and services sophisticated products and systems for multinational and regional customers through its FoodTech segment. JBT also sells essential equipment and services to domestic and international air transport customers through its AeroTech segment. JBT Corporation employs approximately 6,400 people worldwide and operates sales, service, manufacturing and supply operations in more than 25 countries. For more information, please visit www.jbtc.com.
Investors & Media: Kedric Meredith (312) 861-6034
SOURCE JBT Corporation