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Beckman Declares Dividend, Plans Share Repurchase

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Beckman Coulter said after the close of the market Thursday that its board of directors has declared a quarterly dividend of $.18 per share.

The dividend is payable on March 12 to all shareholders of record on Feb. 26. It noted that the dividend marks the 85th consecutive quarterly cash dividend payout.

Beckman Coulter also said that its board has authorized the repurchase of up to 1.5 million shares of the firm's outstanding common stock.

The firm made the announcement in conjunction with the release of its fourth-quarter and full-year 2010 financial results. Beckman Coulter reported revenue growth of 22 percent to $989.6 million for the fourth quarter, beating analysts' consensus estimate.

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