Barnes & Noble, Inc. (NYSE: BKS) announced that its Board of Directors has authorized a brand new stock repurchase program of up to $50 million of its common shares, to be utilized at the Company’s discretion. Stock repurchases under this new program may be made through open market and privately negotiated transactions from time to time and in such amounts as management deems appropriate. The repurchase program has no expiration date and may be suspended or discontinued at any time. Furthermore, the Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on April 28, 2017 to stockholders of record at the close of business on April 7, 2017.
Barnes & Noble, Inc. is the nation’s largest retail bookseller, and a leading retailer of content, digital media and educational products. The Company operates 634 Barnes & Noble bookstores in 50 states. The Nook Digital business offers a lineup of popular NOOK® tablets and eReaders and an expansive collection of digital reading and entertainment content through the NOOK Store®. The NOOK Store features more than 4.5 million digital books in the US, plus periodicals and comics, and offers the ability to enjoy content across a wide array of popular devices through Free NOOK Reading Apps™ available for Android™, iOS® and Windows®.