Signet Jewelers Ltd (SIG, SIG.L) announced that its board has authorized a program to repurchase up to $350 million of common shares. The company said that the repurchase program will be funded through its existing cash reserves and liquidity sources. Repurchased shares may be used by the Company for general corporate purposes.
The company also announced that its board has approved a regular quarterly cash dividend of $0.15 per Common Share payable on August 28, 2013 to record holders of Signet Common Shares on August 2, 2013, with an ex-dividend date of July 31, 2013.
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