Bob Evans announces dividend, share repurchase

by Bryan Salvage
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COLUMBUS, OHIO — Bob Evans Farms Inc.’s board of directors has declared quarterly cash dividend of 18 cents per share on the company's outstanding common stock. The dividend is payable on June 21 to shareholders of record at the close of business on June 7.

The board also authorized a stock repurchase program of up to $25 million. The repurchase authorization is effective immediately through the remainder of the company's 2011 fiscal year, which ends April 29, 2011.
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