Arctic Cat authorizes repurchase of up to $25M of additional stock Arctic Cat announced that its board of directors authorized a new share repurchase program for up to $25M of the company’s common stock. This is in addition to approximately $1.1M remaining under its current repurchase program. Share repurchases under this program may be made through open market and privately negotiated transactions from time to time and in such amounts as management deems appropriate.
Arctic Cat board votes to suspend quarterly dividend In order to preserve cash for continued investment in returning the company to growth, Arctic Cat's board of directors has voted to suspend regular quarterly cash dividends on its common stock, effective immediately. Suspending the dividend will conserve approximately $6.5M in cash annually.