L.B. Foster Company Announces $25M Stock Repurchase Authorization

The L.B. Foster Company FSTR announced that its Board of Directors authorized the repurchase of up to $25 million of its common shares until December 31, 2013 at which time this authorization will expire. The Board also declared a $0.025 per share quarterly cash dividend on its issued and outstanding shares of common stock, payable June 24, 2011 to shareholders of record at the close of business on June 10, 2011. There are currently approximately 10.3 million shares outstanding.