Capella Education Company Announces Increase in Quarterly Cash Dividend; Increase to Share Repurchase Program

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ: CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, announced today that its board of directors has approved a 2 cent increase in its quarterly cash dividend to $0.39 per outstanding share of common stock. The board of directors also approved a $50 million increase to its share repurchase program. This increase is in addition to the $6.2 million that currently remains under the share repurchase program.