EDT (1900 GMT) that the Fed had given it permission to raise its dividend by 20 percent and spend as much as $12 billion buying back stock
At a number of American corporations, management has spent millions of company dollars at shareholder expense to buy back stock
from raiders at inflated prices in order to preserve the executives' corporate power.
So, not only will our shareholders now own two strong companies with market-leading brands, but also Sara Lee will return significant capital to our shareholders through buying back stock
, reducing debt and continuing to pay a healthy dividend, while funding the growth of our core businesses.
Many of the companies that bought back stock
in 1987 were showing weak profits, she said, and the additional spending to repurchase stock only seemed to weaken them further.
Fitch anticipates that INDB will continue to build capital ratios, albeit while continuing to buy back stock
Chubb gets out of a business it says is too small to compete profitably and will use the proceeds to buy back stock
MIR), including the Issuer Default Rating (IDR) of 'B+', and its subsidiaries on Rating Watch Negative following its announced plans to buy back stock
and sell its Philippine and Caribbean assets (see complete list below).
BankAmerica also is focusing on buying back stock
to boost per-share earnings by reducing the number of outstanding shares.
According to the independent accounting and reporting firm, insider selling of shares while the corporation is buying back stock
, while not necessarily illegal, presents a clear conflict of interest.
0 billion in additional funds for use in its stock repurchase program, the largest authorization for buying back stock
in the company's history.
But, there are plenty of examples of companies that bought back stock
not to delay the discovery of or to hide problems, but because company management knew the stock was undervalued.
Doll predicts that companies will continue to put that money to work by increasing their merger and acquisition activity, and to a lesser extent, by raising dividends, buying back stock
and making capital investments - all of which is good news for the stock market.