05:59 PM EST, 11/11/2024 (MT Newswires) -- Teradyne ( TER ) said late Monday it intends to repurchase up to an additional $100 million of its common shares in the rest of 2024 as part of its $2 billion program.

"This is an increase from its previously announced intention to repurchase common stock in an amount necessary to offset dilution from equity compensation and its employee share repurchase program," the company said.

The company's board kept its quarterly cash dividend unchanged at $0.12 per share, payable Dec. 18 to shareholders of record as of the close of business Nov. 25.