CHICAGO, Aug, 10, 2018 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced that its Board of Directors has declared a third quarter 2018 cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on September 4, 2018 to stockholders of record at the close of business on August 20, 2018.
The Board of Directors also authorized a new share repurchase plan of up to $30 million of the Company's common stock, effective January 1, 2019 through December 31, 2021. The timing, price and volume of the repurchases will be based on market conditions, relevant securities laws and other factors. The Company's existing plan will expire on December 31, 2018 in accordance with its terms, with all remaining share repurchase capacity under the existing plan expiring unutilized at such time.