Adobe announces new stock repurchase program

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.

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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

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