FLIR Systems has announced that its Board of Directors adopted a new dividend policy under which it intends to pay a quarterly cash dividend of $0.06 per share on its common stock. The dividend initiation is the first in FLIR’s history. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of FLIR’s Board.

Also the Board approved a new share repurchase programme that authorises up to 20 million shares to be repurchased over the next two years, replacing the previous programme that expired on February 4, 2011. This authorisation represents approximately 13 per cent of FLIR’s outstanding common stock as of December 31, 2010. Since 2003, FLIR has returned over $399 million to shareholders through share repurchases.