Administaff (ticker: ASF, exchange: New York Stock Exchange (.N)) News Release -
11-Feb-2008
Administaff Declares Quarterly Dividend and Expands Share Repurchase Program
| HOUSTON, Feb 11, 2008 (BUSINESS WIRE) -- Administaff, Inc. (NYSE:ASF), a leading provider of human
resources services for small and medium-sized businesses, today
announced that its board of directors has approved a quarterly
dividend of $0.11 per share. The cash dividend will be paid on March
19, 2008, to all stockholders of record as of Feb. 29, 2008.
In addition, Administaff's board authorized an expansion of its
share repurchase program by an additional one million shares. Year to
date, the company has repurchased 354,044 shares. As a result of the
expansion, Administaff now has 1,788,114 shares available for
repurchase. Administaff intends to adopt Rule 10b5-1 prearranged stock
trading plans to facilitate the repurchase of its common stock during
times it would not otherwise be in the market due to self-imposed
trading blackout periods or possible possession of nonpublic
information.
Administaff is the nation's leading professional employer
organization (PEO), serving as a full-service human resources
department that provides small and medium-sized businesses with
administrative relief, big-company benefits, reduced liabilities and a
systematic way to improve productivity. The company operates 49 sales
offices in 24 major markets. For additional information, visit
Administaff's Web site at http://www.administaff.com.
SOURCE:
Administaff, Inc.
Administaff, Inc., Houston
Investor Relations Contact:
Vice President, Finance
Chief Financial Officer and Treasurer
Douglas S. Sharp, 281-348-3232
Douglas_Sharp@Administaff.com
or
News Media Contact:
Managing Director, Marketing
and Corporate Communications
Jason Cutbirth, 281-312-3085
Jason_Cutbirth@Administaff.com
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Administaff's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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