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The Reynolds and Reynolds Company announced that its board of directors increased the shares authorized for repurchase by eight million (8,000,000), bringing the total authorized for repurchase to 9,617,652 as of August 12, 2003.
The board also declared a regular fourth quarter dividend of 11 cents per share. The regular fourth quarter Class A common stock dividend will be payable September 22, 2003 to shareholders of record on August 21, 2003.
Reynolds and Reynolds (www.reyrey.com) is a provider of integrated solutions that help automotive retailers manage change and improve their profitability. The company's product, service and training solutions include a full range of retail and enterprise management systems, networking and support, e-business applications, Web services, learning and consulting services, customer relationship management (CRM) solutions, data management and integration, and leasing services. Reynolds serves more than 20,000 customers. They comprise 90 percent of the automotive retailers and virtually all car companies doing business in North America. Its CRM consulting practices span approximately 15 countries around the world.
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