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Stewart Enterprises Inc. (Nasdaq:STEI) reported that its Board of Directors has declared its regular quarterly cash dividend of $0.035 per share. The dividend is payable on October 26, 2011 to holders of record of Class A and Class B Common Stock as of the close of business on October 12, 2011. Also, the Company announced that its Board of Directors has increased the Company's $100 million stock repurchase program by $25 million to $125 million. This increases the Company's current capacity under its stock repurchase program to $51.7 million.
Stewart Enterprises, Inc., through its subsidiaries, provides funeral and cemetery products and services in the death care industry in the United States and Puerto Rico.
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