Genentech (NYSE: DNA) announced a $2 billion extension of its current $6 billion stock repurchase program that is authorized through June 2008. The board kept the program limited to a total of 100 million shares, of which, the company had completed the repurchase of 67 million shares through March 2007. ### PAYOUT YIELD ANALYSIS Because [...]
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Oracle expands repurchase program by $4 billion
Oracle (Nasdaq: ORCL) announced a $4 billion expansion of the company’s share repurchase program bringing the total buyback authorization to $4.7 billion. ### PAYOUT YIELD ANALYSIS Although there is no timeline on completing the repurchase, Oracle has a solid track record of returning capital to shareholders that totals $25.8 billion since the inception of the [...]
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TLC Vision to repurchase up to $125 million of common stock
TLC Vision (Nasdaq: TLCV) announced board approval to buy back approximately 30% of shares outstanding. The 35 day program is expected to commence in early May. ### PAYOUT YIELD ANALYSIS If the company completes the $125 million program and with 69 million shares outstanding, the repurchase program will result in a Total Payout of $1.81 [...]
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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. ### PAYOUT YIELD ANALYSIS If completed in 12 months and with 605 million shares outstanding, the new repurchase program will result in a [...]
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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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Wells Fargo extends stock repurchase program
Wells Fargo (NYSE: WFC) announced board authorization to repurchase an additional 75 million shares. This authorization is in addition to the remaining capacity of 61.8 million shares in the current buy back program. The quarterly dividend remains unchanged at $0.28 per share after an 8% increase in June 2006. ### PAYOUT YIELD ANALYSIS The extension [...]
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Motorola expands and accelerates buyback program
Motorola (NYSE: MOT) announced a series of actions to improve shareholder value. One of the key moves was a renewed commitment to returning capital to shareholders that includes an expansion of the July 2006 repurchase program from $4.5 billion to $7.5 billion over a 36 month period. In addition, the company will accelerate the repurchase [...]
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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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CBS accelerates buyback program with $1.4B repurchase
CBS (NYSE: CBS and CBS.A) announced an acceleration of its stock repurchase program that was part of a February 27 announcement. The company announced that it was buying back approximately 47 million shares of class B stock for $1.4 billion. The company did not comment on whether it intends to expand the $1.5 billion program [...]
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AIG in the Spotlight
AIG (NYSE:AIG) announced a change in dividend policy and a stock repurchase program. The company will be hiking the current $0.165 quarterly dividend by approximately 20% with the May declaration. ### PAYOUT YIELD ANALYSIS We are projecting the new annualized dividend to be $0.80 per share. In addition, AIG uncovered plans to repurchase $8 billion [...]
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