Company Website:
http://www.jacobs.com
DALLAS -- (Business Wire)
Jacobs
Engineering Group Inc. (NYSE:JEC) today announced that its Board of
Directors has approved a declaration of a cash dividend to shareholders.
A quarterly dividend of $0.15 per share will be paid on March 17, 2017,
to shareholders of record on the close of business on February 17, 2017.
“The decision by Jacobs Board of Directors to initiate a dividend
represents a significant milestone for the company and demonstrates
confidence in the company’s strong operating performance, significant
free cash flow generation, and financial outlook over the long-term,”
said Steve Demetriou, Jacobs Chairman & CEO. “We remain committed to
enhancing shareholder value and are pleased to return excess capital to
our shareholders, while continuing to maintain our existing share
repurchase program.”
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit www.jacobs.com.
Statements made in this press release that are not based on historical
fact are forward-looking statements. Although such statements are based
on management's current estimates and expectations, and currently
available competitive, financial, and economic data, forward-looking
statements are inherently uncertain, and you should not place undue
reliance on such statements as actual results may differ materially. We
caution the reader that there are a variety of risks, uncertainties and
other factors that could cause actual results to differ materially from
what is contained, projected or implied by our forward-looking
statements. Specifically, Jacobs may be unable to pay dividends in
future quarters or its Board of Directors may reduce the amount of the
dividend for a number of reasons, including, without limitation, due to
changes in its financial condition or material developments in Jacobs’
business. For a description of some of the other factors that may occur
that could cause actual results to differ from our forward-looking
statements see our Annual Report on Form 10-K for the period ended
September 30, 2016, and in particular the discussions contained under
Item 1 - Business; Item 1A - Risk Factors; Item
3 - Legal Proceedings; and Item 7 - Management's
Discussion and Analysis of Financial Condition and Results of Operations,
as well as the Company’s other filings with the SEC. We also caution the
readers of this release that we do not undertake to update any
forward-looking statements made herein.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170119006326/en/
Contacts:
Jacobs Engineering Group Inc.
Salim Rahimi, 214.583.8428
Source: Jacobs Engineering Group Inc.
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