Bruker Corp. said Friday it has authorized a new share repurchase program for the purchase of up to $225 million of the company’s common stock over a two-year period commencing today. Under the program, Bruker may repurchase common stock from time to time, in amounts, at prices, and at such times as it deems appropriate, subject to market conditions, legal requirements and other considerations.
Bruker said it intends to fund repurchases under this program from cash on hand and available borrowings under its existing credit facility. Bruker also said it will pay a quarterly cash dividend of $0.04 per share. The dividend will be paid on June 23 to stockholders of record as of June 5.