Apr
09
Adobe announces new stock repurchase program
Posted by Administrator under Adobe
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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