Adobe Systems (Nasdaq: ADBE) announced board authorization to repurchase 20 million shares.
In addition, the board authorized a $500 million program to buy back shares to offset the dilution of stock issuances.
PAYOUT YIELD ANALYSIS
If completed in 12 months and with 605 million shares outstanding, the new repurchase program will result in a Total Payout of $1.39 over the next 4 quarters. At $42 per share, the Total Payout Yield is projected to be 3.3%.
- Payout Yield Staff