These 6 Companies Announced Share Repurchase Plans Today
Stock Markets 39 minutes ago (Sep 15, 2022 04:51PM ET)
© Reuters. These 6 Companies Announced Share Repurchase Plans Today
By Davit Kirakosyan
Like dividends, share repurchases are a way companies can return excess cash to shareholders. Buying back stocks in the open market not only helps support the stock price but also increases earnings per share (EPS) due to a reduced number of shares outstanding.
Texas Instruments Incorporated (NASDAQ:) announced today a quarterly cash dividend increase from $1.15 per share to $1.24, or $4.96 annualized. The board of directors also authorized an additional $15 billion share repurchase of the company’s common stock. The company has approximately $8.2 billion of previously authorized repurchases at the end of June 2022.
Kforce (NASDAQ:) announced it entered into a corporate stock repurchase plan, which allows the company to repurchase outstanding common stock under a share repurchase program authorized by its Board of Directors during the period from and starting on September 16, 2022, to and including November 2, 2022.
One Liberty Properties (NYSE:) declared a quarterly dividend of $0.45 per share, or $1.8 annualized, payable on October 7, 2022, to stockholders of record on September 27, 2022. The company also announced that its Board of Directors approved an approximate $5.2 million increase to its existing (approximately $2.3 million remaining) share repurchase authorization.
Marqeta Inc (NASDAQ:) announced that its Board of Directors has unanimously authorized a share repurchase program of up to $100 million of the company’s Class A common stock.
Arrow Electronics, Inc. (NYSE:) announced today that its Board of Directors authorized a repurchase of up to an additional $600 million of common stock through its existing share repurchase program.
Aurora Mobile Limited (NASDAQ:) announced its board of directors approved a share repurchase program of up to $5 million worth of its ordinary shares during a 12-month period starting from September 15, 2022.
Four Rumors That Had Wall Street Buzzing Today By Investing.com – Sep 15, 2022
By Investing.com Staff Rumors drive Wall Street action on any given trading day. Today was no exception. Below are four rumors that were buzzing around trading desks today: Roku…
1 CEO Buy and 2 CEO Sells of Interest Today By Investing.com – Sep 15, 2022 1
By Davit Kirakosyan Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesn’t always…
FedEx Issues Massive Profit Warning as Global Volumes Plunge By Investing.com – Sep 15, 2022 10
By Investing.com Staff FedEx Corporation (NYSE:FDX) warned for the first quarter and withdrew guidance for the year, sending the stock down 11% after-hours. The delivery giant said…