Kraft begins trading as an independent company; Dividend policy and Share repurchase program already announced

Kraft (NYSE: KFT) began trading as a completely independent company after a spin-off from Altria was completed on March 30. The company had previously announced plans for a quarterly dividend of $0.25 per share and a $5 billion share repurchase program that is targeted for completion in March 2009. ### PAYOUT YIELD ANALYSIS With 1.64 [...]

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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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