Tellabs announces $600 million share repurchase in wake of CEO departure

Tellabs (NASDAQ: TLAB) announced an increase of $600 million for the company’s common stock repurchase program, in addition to a remaining $176 million under a repurchase program authorized in July 2006. Together, the authorizations cover about 22% of Tellabs shares outstanding. Since 2005, Tellabs has repurchased 50.9 million shares at a cost of $513.9 million (about [...]

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Boeing Board Approves New $7 Billion Share Repurchase

The Boeing Company (NYSE: BA) board approved a new repurchase plan for up to $7 billion of common stock. Boeing has bought approximately $8 billion of its stock since resuming repurchases during 2004. This new plan follows the $3 billion buy back that the board approved in August 2006. The company is nearing completion of [...]

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Update: Rohm and Haas ASR on track

Rohm and Haas Company (NYSE: ROH) today filed SEC form 10Q for the quarter ending September 30, 2007. ### PAYOUT YIELD ANALYSIS In July, Rohm and Haas announced an accelerated share repurchase (ASR) program of $1 billion and a target of 195 million shares outstanding by the end of the third quarter. According to the [...]

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Sherwin Williams Expands Buyback Program

The Sherwin-Williams Company (NYSE:SHW) authorized a new program to purchase 30 million shares, replacing the existing program. The company provided no details on timing or funding of the program. Founded in 1866, The Sherwin-Williams Company is a world leader in the manufacture, development, distribution and sale of coatings and related products to professional, industrial, commercial and retail [...]

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Hartmarx Announces New 3 Million Share Repurchase Program

Hartmarx Corporation (NYSE:HMX) announced a new share repurchase program to acquire up to 3 million of the Company’s common shares. Repurchases will be made from time-to-time in the open market or in privately negotiated transactions based on prevailing market conditions and other factors. This authorization is in addition to the 2 million shares repurchase authorization [...]

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UnitedHealth Group projects $7B stock buyback through 2008

UnitedHealth Group (NYSE:UNH) announced completion of the repurchase of $2 billion of stock in the third quarter and projected an additional $7 billion share repurchase through fourth quarter 2007 and 2008. UnitedHealth Group is a diversified health and well-being company dedicated to making health care work better. ### PAYOUT YIELD ANALYSIS The $7 billion repurchase projection, [...]

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Worthington Industries Announces 10 million Share Repurchase

Worthington Industries, Inc. (NYSE:WOR) will repurchase of up to an additional ten million of its outstanding common shares. A prior authorization to repurchase ten million shares dated June 13, 2005, has 1.4 million shares remaining.  No timetable was established for the new repurchase. Worthington Industries is a leading diversified metal processing company with annual sales of [...]

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Chevron Announces $15 Billion Share Repurchase Program

Chevron Corporation (NYSE: CVX) announced today that its Board of Directors approved a program to acquire up to $15 billion of the company’s common stock over a period of up to three years. This program follows three stock repurchase programs of $5 billion each that were completed in 2005, 2006 and September 2007. No set [...]

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Air Products Adds $1 Billion to Share Repurchase Programs

Air Products (NYSE: APD) has authorized the repurchase of up to $1 billion of its common stock. The latest action is in addition to an existing $1.5 billion share repurchase program announced in March 2006. The company has repurchased more than $1 billion under its existing $1.5 billion plan. Last week, the Board of Directors [...]

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TI to Repurchase Additional $5 Billion in Stock, Increase Dividend 25 Percent

Texas Instruments (NYSE: TXN) announced the repurchase of an additional $5 billion of its common stock. Additionally, the company plans to raise its quarterly cash dividend 25 percent to $0.10 per share. This most recent action brings the Board’s total stock repurchase authorization since September 2004 to $20 billion. Today’s announced authorization is in addition [...]

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