WILSONVILLE, Ore., June 12, 2014 Mentor Graphics Corporation (NASDAQ: MENT) today announced the company’s Board of Directors has authorized a new three-year share repurchase program of up to $200 million.
“This new repurchase program continues the company’s balanced approach to capital deployment,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “Mentor continues to do selective acquisitions, we initiated a quarterly cash dividend in March 2013 that we just recently increased, and we continue our program of share repurchases with this new authorization. Since March 2011, Mentor has repurchased approximately $220 million of stock in the open market and declared over $30 million of cash dividends to shareholders.”
(Mentor Graphics is a registered trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)