TALX Announces Quarterly Dividend; Adopts Stock Repurchase Plan.ST. LOUIS -- TALX Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TALX), a leading business process outsourcer of payroll data-centric services, announced today that its board of directors has approved a quarterly dividend of $0.04 per share, payable on July July: see month. 8, 2005 to shareholders of record at the close of business on June 17, 2005. The board of directors also approved the repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. of up to 2,000,000 shares of TALX common stock during the 36-month period ending May 9, 2008. Under the stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. , TALX may conduct its purchases in the open market at the then-prevailing market price, or in private or negotiated transactions. Subject to limitations, including those found in TALX's second amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. and restated loan agreement, shares may be repurchased from time to time based on prevailing market factors, share price and other factors. The plan also provides that the number of shares of TALX common stock subject to repurchase shall be adjusted in the event of any change in the number of shares of outstanding TALX common stock by reason of stock dividends or stock splits, or the like. TALX Corporation is a leading business process outsourcer of payroll data-centric services. Based in St. Louis, Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. , TALX holds
a leadership position in two key employment-related services - automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. employment and income verification services via The Work Number(R) and unemployment cost management services via UC eXpress(R). TALX also provides paperless payroll services, W-2 services, time entry and approval services, automated hiring services, and tax credit consulting and administrative services. The company's common stock trades on The NASDAQ National Market under the symbol TALX. For more information about TALX Corporation, call 314-214-7000 or access the company's Web site at www.talx.com. Statements in this news release expressing the expectations of management may be forward-looking and involve uncertainties. TALX risk factors are detailed in documents filed with the Securities and Exchange Commission. |
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