FIN 3717 Chapter : Case 8 American Greetings
Document Summary
American greetings is the world"s largest publicly traded greeting card company. Executive summary based in brooklyn, ohio and sells paper greeting cards, electronic greeting cards, party products, and electronic expressive content. It was founded in 1906 and the current ceo is. For more than 100 years, american greetings corporation has been a creator and manufacturer of innovative social expression products that assist consumers in enhancing their relationships to create happiness, laughter, and love. American greetings generates annual revenue of approximately . 6 billion, and its products can be found in retail outlets worldwide. Dividend payments to investors had been on an upward trend in recent years, rising from 12 cents per share in 2004 to 56 cents in 2010. But in 2012, american greeting share price was cut in half to a year-end closing price of . 51. Greetings corporation announced that its board of directors has authorized the repurchase of up to million of class a common shares.
