Littelfuse announces buyback program, dividend payment

Littelfuse, Inc., (NASDAQ:LFUS) board of directors has approved a share repurchase program, effective May 1, 2016, that authorizes the company to buy back up to one million shares of its common stock through April 30, 2017, the company said.

The company´s existing share repurchase authorization of one million shares had 650,000 shares remaining in the program as of January 2, 2016, and will expire on April 30, 2016.

The company will pay a cash dividend of USD0.29 per common share on June 9, 2016 to shareholders of record at the close of business on May 26, 2016.

Founded in 1927, Littelfuse is the world leader in circuit protection with growing global platforms in power control and sensing.