WAYNE, Pa.--(BUSINESS WIRE)--Feb. 13, 2008--Triumph Group, Inc.
(NYSE:TGI) today announced that its Board of Directors has declared a
regular quarterly dividend of $0.04 per share on its outstanding
common stock. The dividend is payable March 15, 2008 to shareholders
of record as of February 29, 2008.
The Board has also authorized an increase in the company's
existing stock repurchase program by up to an additional 500,000
shares of its common stock. The increase brings the total amount
authorized under the plan to 1 million shares. From February 4, 2008
through February 8, 2008, the company purchased 220,000 of its
outstanding shares under the program at a total cost of $12,342,433 or
an average price of $55.91 per share. As of February 12, 2008, the
company remains able to purchase an additional 500,000 shares.
Repurchases may be made from time to time in open market transactions,
block purchases, privately negotiated transactions or otherwise at
prevailing prices. No time limit has been set for the completion of
Triumph Group, Inc., headquartered in Wayne, Pennsylvania,
designs, engineers, manufactures, repairs and overhauls aircraft
components and accessories. The company serves a broad, worldwide
spectrum of the aviation industry, including original equipment
manufacturers of commercial, regional, business and military aircraft
and aircraft components, as well as commercial and regional airlines
and air cargo carriers.
More information about Triumph can be found on the Internet at
CONTACT: Triumph Group, Inc.
Sheila G. Spagnolo, Vice President, 610-251-1000
SOURCE: Triumph Group, Inc.