Agilent Technologies Inc. (NYSE: A) today announced that its board of directors has authorized the repurchase of up to $500 million of the company’s common stock during fiscal 2013. The new repurchase authorization replaces Agilent’s existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs.

The board has also authorized a 20 percent increase in the quarterly dividend, from $0.10 to $0.12 per share, beginning in the second quarter of 2013. The second quarter dividend will be paid on April 24 to all stockholders of record as of the close of business on April 2.

Agilent CEO Bill Sullivan said, “Today’s announcement of the stock repurchase program and increased quarterly dividend reflects our confidence in Agilent’s future cash generation capabilities and our commitment to return capital to shareholders.”

About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is the world’s premier measurement company and a technology leader in chemical analysis, life sciences, diagnostics, electronics and communications. The company’s 20,500 employees serve customers in more than 100 countries. Agilent had net revenues of $6.9 billion in fiscal 2012. Information about Agilent is available at www.agilent.com.