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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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CBRL Group Ups Dividend, Plans Buyback

CBRL Group Inc. (Nasdaq: CBRL), operator of Cracker Barrel Old Country Store restaurants, said Thursday its board increased the company’s quarterly dividend by 29 percent to 18 cents per share, from 14 cents previously. The dividend is payable on Nov. 5 to shareholders of record on Oct. 19. The company also said its board approved [...]

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Parker Announces $500 Million Accelerated Share Repurchase

Parker Hannifin Corporation (NYSE: PH) announced a $500 million accelerated share repurchase. In addition, the company increased its quarterly cash dividend, and announced plans for a 3-shares-for-2 stock split. The accelerated share repurchase will be funded with available credit and uses Morgan Stanley as the intermediary to purchase Parker’s common stock over a period of [...]

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Dover Corporation Authorizes $500 Million Share Repurchase Program

Dover Corporation (NYSE: DOV) announced a $500 million share repurchase program that includes an accelerated share repurchase agreement (“ASR”) with Goldman, Sachs & Co. Under the ASR, Dover will immediately repurchase 6 million shares of its common stock from Goldman, Sachs & Co. The company expects to conduct the remainder of the share repurchase program over [...]

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Paychex Raises Dividend by 43% and Announces $1 Billion Stock Repurchase Program

Paychex, Inc. (NASDAQ:PAYX) raised its dividend by 43%, from $.21 per share to $.30 per share, and announced a stock repurchase of up to $1.0 billion. The company commented “We don’t believe there’s any better investment than ourselves.” Paychex, Inc. is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to [...]

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Best Buy Authorizes $5.5 Billion Share Repurchase Program and 30% Dividend Increase

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 [...]

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Medtronic Board Announces Dividend and Increase to Company’s Share Repurchase Plan

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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Target Corporation Increases Dividend and Share Repurchase Authorization

Target Corporation (NYSE:TGT) increased the quarterly dividend by 16.7% to 14 cents per common share. In addition, the company increased its current $5 billion share repurchase authorization by $3 billion, for a total authorization of $8 billion. Program-to-date, the company has repurchased approximately $4 billion of its common stock, resulting in about $4 billion of [...]

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JC Penney announces new stock repurchase program and dividend increase

JC Penney (NYSE: JCP) announced a new $400 million stock repurchase program that it expects to complete in fiscal 2007. In addition, the company raised its quarterly dividend to $0.20 effective with the April 10 declaration. ### PAYOUT YIELD ANALYSIS With approximately 232 million shares outstanding, the new repurchase program will yield $1.72 per share. [...]

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Ameriprise Financial extends buyback program and hikes dividend

Ameriprise Financial (NYSE: AMP) announced board approval to extend its current share repurchase program by up to an additional $1 billion through March 2009. The current buyback program was approved in March 2006 and authorized repurchase of up to $750 million through March 2008. According to a recent 10K filing, at the end of 2006, [...]

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