Contact:
Martie Edmunds Zakas
Corp Secretary and Director of Investor Relations
404/885-8304
Dave Mooney
Public Affairs, Equifax Inc.
404/885-8117
Equifax Board Raises Share Repurchase Amount By $200 Million; Declares Regular Quarterly Dividend
Atlanta, Oct.29, 1997--
The Equifax Board of Directors today authorized an increase in
the amount of corporate funds available for the repurchase of Equifax shares by $200 million.
The Board also approved a regular quarterly dividend of 8.75 cents per share.
The announcements were made at the regular quarterly meeting of the Board of Directors at
Equifax headquarters, this morning, at which Vice Chairman and CEO Daniel W. McGlaughlin's
plans to retire at the end of this year were made public, and Thomas F. Chapman was elected to
be the new President and CEO, effective January 1, 1998 (See related release).
The $200 million increase brings the total funds available for stock repurchase to $253 million.
Equifax has purchased $548.4 million worth of its stock on the open market, during the last six
years, at an average purchase price of $15.62, an excellent investment for shareholders. A total
of $98.5 million in Equifax stock has been repurchased this year.
"This equals the largest single amount ever authorized by Equifax for open market stock
repurchase," said Dan McGlaughlin "and represents a continuation of a financial strategy
adopted in 1992, that has significantly increased shareholder value."
CEO-Elect Tom Chapman added: "Given our confidence in both the short-and long-term
outlook for Equifax business and in our ability to continue to expand globally, we feel that this
action is in the best interests of our shareholders."
The Board also declared a regular quarterly dividend of 8.75 cents per share, payable on December 15,
1997 to shareholders of record November 24, 1997. The amount was raised earlier in the year at the
Annual Meeting, from 8.25 cents to the current 8.75 cents. This is the 84th consecutive year that
the company has paid dividends to its shareholders.