EMCOR Group, Inc. (NYSE:EME) today announced that its Board of Directors has authorized a new additional share repurchase program allowing the Company to repurchase up to an additional $100 million of its outstanding common stock. The Company also announced that its Board of Directors intends to increase the Company's annual dividend from $0.24 to $0.32 beginning in the first quarter of 2014.
EMCOR Group is an electrical and mechanical construction and facilities services firm. Co. provides services to a range of commercial, industrial, utility and institutional customers through approximately 70 operating subsidiaries and joint venture entities. Co. designs, integrates, installs, starts-up, operates and maintains several electrical and mechanical systems. Co. has the following reportable segments: U.S. electrical construction and facilities services; U.S. mechanical construction and facilities services; U.S. facilities services; U.K. construction and facilities services; and other international construction and facilities services. Open the EME Page at The Online Investor »
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