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Stock Market & Financial Investment News

News Breaks
November 29, 2012
17:04 EDTTLABTellabs declares $1 special dividend
The Tellabs board declared a special cash dividend of $1.00 per share. The dividend is payable on December 21 to stockholders of record as of the close of business on December 14. The special dividend is in addition to a stock repurchase announced on November 20. Additionally, Tellabs intends to repurchase its common stock under an existing board authorization, previously announced on Nov. 8, 2007. The company may repurchase up to $224.6M under the previously announced repurchase program.
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