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Best Buy
Best Buy Co., Inc. (NYSE:BBY) announced a new $5.5 billion share repurchase program, which replaces the current $1.5 billion program.
In addition, the company increased its dividend by 30 percent to 13 cents per common share. The company cited anticipated future earnings and cash flow, its strong balance sheet, and the planned capital needed for the […]
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Kroger
The Kroger Co. (NYSE: KR - News) expanded its stock repurchase program from $500 million to $1 billion.
Kroger is one of the nation’s largest retail grocery chains operating 2,458 supermarkets and multi-department stores in 31 states under two dozen local banners.
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PAYOUT YIELD ANALYSIS
With 707 million shares outstanding, the $1 billion repurchase will yield $1.41 per […]
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Medtronic
Medtronic, Inc. (NYSE:MDT) increased the size of its Share Repurchase Plan by 50 million shares or approximately 4.4% of shares outstanding. The increase brings the size of the total authorization to approximately 60 million shares. In addition, the company increased its dividend by 14% to a quarterly figure of $0.125 per share of the Company’s […]
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Limited
Limited Brands, Inc. (NYSE: LTD) announced an increase in its share repurchase program from $500 million to $1 billion as part of an initiative to accelerate programs to return value to shareholders. The company has already repurchased $190.5 million of shares as part of this program.
The company’s Chairman and CEO, Leslie Wexner, cited a strong […]
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Expedia
Expedia, Inc. (Nasdaq: EXPE) announced plans to repurchase up to 116,666,665 shares of its common stock through a Dutch Auction at a price per share not less than $27.50 and not greater than $30.00.
The 116,666,665 shares subject to the tender offer represent approximately 42% of the number of shares of common stock currently outstanding and […]
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Home Depot
The Home Depot(R) (NYSE:HD) announced a recapitalization plan that includes an increase of $22.5 billion in its share repurchase program. The share repurchase will be funded in part by the sale of HD Supply as well as cash on hand and $12 billion of unsecured notes.
Details of the share repurchase will be announced at a […]
