Deerfield-based United Stationers's board of directors declared a 14 cent per share dividend payable on July 15 to stockholders of record at the close of business on June 14.
The board also approved and authorized the company to purchase an additional $100 million of its common stock. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on market conditions and other factors, these repurchases may commence or cease from time to time without prior notice. The company also has approximately $31 million remaining under the prior authorization approved by its board in February 2012.