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WD-40 announces dividend increase

San Diego-based WD-40 Co. declared a 7% increase of its regular quarterly dividend to $.29 per share, payable Jan. 31, 2012.

The announcement came its annual meeting Dec. 13. The board of directors also authorized an open-ended buyback of shared up to $50.0 million over the next two years. IN addition to WD-40, the company's brands include 3-in-one, Blue Works, X-14, Carpet Fresh and Spot Shot.

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