News Column

Joy Global Inc. Declares Quarterly Dividend of $0.20 Per Share

June 7, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- Joy Global Inc. (NYSE: JOY), a worldwide leader in high-productivity mining solutions, announced that its Board of Directors has declared an increase in the quarterly dividend from $0.175 to $0.20 per share. This represents an increase of approximately 14% over the previous quarter's dividend. The dividend will be paid on June 18, 2014 to shareholders of record on June 4, 2014.

"We are increasing our dividend as part of our strategy to optimize the allocation of our capital between growth investments and returns to our shareholders while maintaining a strong balance sheet," commented Jim Sullivan, Executive Vice President and Chief Financial Officer.

"Our continued ability to generate significant cash from operations, especially from the continued strength of our service business, supported our decision to increase the dividend," said Ted Doheny, President and Chief Executive Officer.

Keywords for this news article include: Joy Global Inc, Investment and Finance.

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Source: Investment Weekly News

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