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
Generally, everyone is up to speed on Rule 10b-18 and how to buy back stock
within the confines of the rules"
Shareholders have to wonder why they're paying top executives millions of dollars a year if all they do is buy back stock
with the cash the company earns.
Screening for a superior debt rating eliminates companies that buy back stock
so they can increase their financial leverage, that is, take on more debt, according to Braverman.
To lift earnings per share, Wells has been buying back stock
at a rate of 1.
Commissioner in August 1994 that fees incurred to obtain debt capital used to buy back stock
could not be deducted.
However, it said it has no obligation to buy back stock
under this programme and may suspend or terminate the programme at any time.
The company's available cash resources will be used to buy back stock
which if and when effectuated, will be made subject to market conditions, applicable legal requirements and other factors, it said and added that it is not obligated to acquire any particular amount of common stock and that the plan may be modified, extended or terminated at any time at its discretion.