News on Buybacks

Limited Brands to pay $1 dividend, start buyback

2010-03-15T14:45:28Z

<div id="subtitle">Limited Brands declares dividend of $1, authorizes buying back $200 million in shares</div><div><p>Retailer Limited Brands Inc., owner of Victoria's Secret, said Monday that its board of directors has declared a special dividend of $1 per share and authorized a share repurchase program of $200 mi...

PepsiCo to buy back up to $15 billion in shares

2010-03-15T08:15:10Z

<div id="subtitle">PepsiCo to repurchase up to $15 billion in shares; raises annual dividend by 7 percent</div><div><p>PepsiCo said Monday that it will buy back up to $15 billion worth of its own common stock through June 2013.</p><p>Shares rose nearly 2 percent in premarket trading.</p><p>"The board's action reflects continued confidence in the growth of our business and our commitment to pro...

Rovi Corp. plans to offer $400M of senior notes

2010-03-10T14:18:32Z

<div id="subtitle">Rovi Corp. says it plans to offer $400 million of senior notes</div><div><p>Rovi Corp. said Wednesday that it plans to issue $400 million of senior notes to buy back shares and pay down debt.</p><p>Rovi, which provides TV listings data and related services, said the notes will be due in 2040 and will be offered to institutional investors.</p><p>The company plans to u...

Ingles Markets to repurchase shares

2010-03-09T14:30:21Z

<div id="subtitle">Ingles Markets to repurchase up to 1 million shares</div><div><p>Ingles Markets Inc. on Tuesday said it will repurchase up to 1 million shares of its common stock.</p><p>Ingles CEO Robert P. Ingle said the repurchase highlights the company's confidence in its business and outlook for continued growth. Companies typica...

Priceline prices $500 million notes offering

2010-03-05T08:30:30Z

<div id="subtitle">Priceline prices $500 million convertible notes offering</div><div><p>Travel Web site Priceline.com Inc. said Thursday it has priced a $500 million offering of convertible senior notes maturing in 2015.</p><p>The notes will pay an interest twice a year at an annual interest rate of 1.25 percent. Under certain situations, the notes may be converted into cash and Priceline.com...

Benchmark Electronics to buy back $100M in stock

2010-03-04T11:45:42Z

<div id="subtitle">Benchmark Electronics authorizes second $100 million stock buyback since 2008</div><div><p>Benchmark Electronics, which makes components for medical devices, computers, gauges and control gear, said Thursday that it will repurchase $100 million of its stock.</p><p>The new program is in addition to the current share buyback of $100 million authorized in 2008.&...

Qualcomm shares rise on buyback, dividend boost

2010-03-03T00:15:15Z

<div id="subtitle">Qualcomm shares rise as company announces new stock buyback plan, raises its dividend</div><div><p>Qualcomm Inc. shares jumped Tuesday after the wireless chip maker boosted its dividend and announced a new $3 billion stock buyback program.</p><p>The company's stock rose $2.37, or nearly 7 percent, to close at $37.93.</p><p>The company said late Monday that its directors ap...

VMware to repurchase up to $400M of Class A stock

2010-03-02T14:02:00Z

<div id="subtitle">VMware to repurchase up to $400 million of shares, EMC to keep 80 percent stake</div><div><p>VMware Inc., which makes software used in corporate data centers, said Tuesday its board has approved a plan to repurchase up to $400 million of its Class A shares through the end of 2011.</p><p>At the same time, information management company Qualcomm lifts quarterly dividend to 19 cents per share, launches $3 billion stock buyback</div><div><p>Qualcomm Inc. said Monday that its directors approved a 12 percent increase in its quarterly cash dividend and a new $3 billion stock buyback program.</p><p>The company is increasing its quarterly dividend by 2 cents to 19 cents per common share, effective for dividends payable afte...

Tim Hortons to commence share buybacks

2010-03-01T13:30:33Z

<div id="subtitle">Tim Hortons to commence share buybacks of up to $200M worth of common shares</div><div><p>Tim Hortons Inc. said Monday that it got approval from the Toronto Stock Exchange to start its share buyback program for up to $200 million worth of common shares.</p><p>The buybacks are capped at 8.8 million shares...

Fiserv authorizes buyback of 5 million shares

2010-03-01T10:30:21Z

<div id="subtitle">Fiserv board authorizes repurchase of up to 5 million shares</div><div><p>Electronic payment service provider Fiserv Inc. said Monday its board authorized the repurchase of up to 5 million additional shares of common stock.</p><p>The new authorization represents about 3 percent of the outstanding shares.</p><p>As of March 1, the company had about a million shares remaining in ...

Arrow board approves $100M share buyback plan

2010-03-01T08:45:50Z

<div id="subtitle">Arrow Electronics board approves plan to buy back up to $100 million of shares</div><div><p>Arrow Electronics, which makes components and computer products, said Monday its board has approved a plan to repurchase up to $100 million company shares.</p><p>Arrow said it will buy back shares to offset any share dilution from the company's equity-based compensation plan.&...

Rambus board approves buyback plan

2010-02-25T15:45:12Z

<div id="subtitle">Rambus approves plan to repurchase up to 12.5 million shares</div><div><p>Rambus Inc., which designs memory chips, said Thursday its board has approved a plan to repurchase up to 12.5 million shares.</p><p>As of Sept. 30, the company had about 105.4 million shares outstanding, according to its most recent 10-Q quarterly filing.</p><p>Shares closed down 9 cents at $21.48.</p...

Lorillard board authorizes $250M in share buybacks

2010-02-25T14:30:17Z

<div id="subtitle">Cigarette maker Lorillard's board authorizes $250 million in share buybacks</div><div><p>Lorillard Inc.'s board on Thursday announced a share buyback program for up to $250 million of outstanding common shares.</p><p>The cigarette maker will buy back shares with existing cash.</p><p>Lorillard, based in Greensboro,

Hub Group approves stock buy back plan

2010-02-24T14:32:25Z

<div id="subtitle">Trucking operator Hub Group approves stock buy back plan of up to $30 million</div><div><p>Logistics company and trucking operator Hub Group Inc. said Wednesday its board approved the repurchase of up to $30 million in common stock.</p><p>The company intends to hold the repurchased shares for future use.</p><p>Hub shares rose 15 cents to close at $26.26.</p><img...

Ciber board OKs up to $5M in stock buybacks

2010-02-23T14:15:59Z

<div id="subtitle">Ciber board approves plan to repurchase up to $5 million in outstanding stock in 2010</div><div><p>Outsourcing firm Ciber Inc. said Tuesday its board approved a plan to buy back up to $5 million in outstanding shares this year.</p><p>The company repurchased 1.4 million shares in 2009.</p><p>The company uses buybacks to support shares being bought through its employee stock purch...

TeleTech shares fall, 4Q profit misses Street view

2010-02-23T13:01:00Z

<div id="subtitle">TeleTech shares fall, 4th-quarter profit misses Street estimates</div><div><p>Shares of TeleTech Holdings Inc. fell Tuesday after the call center operator reported fourth-quarter earnings that fell short of Wall Street's expectations.</p><p>Late Monday, the company said it earned $20 million, or 31 cents per share...

Three stocks with new share buyback programs

2010-02-22T09:08:29Z

<div id="subtitle">PM, EW could get a boost by the announcement</div><div><p>We all know that supply and demand forces throughout the day determine the market prices of stocks. One way to improve your chances on the upside is to purchase the shares of companies that announce share buyback programs. The repurchase of shares can help boost a company's stock price. Since they want to buy back as many shares as they can for the budget they allo...

Dollar-cost averaging at Sara Lee (SLE)

2010-02-22T09:07:59Z

Sara Lee announced an hour ago that they've had an abrupt change of heart in the capital allocation strategy, and are betting the farm on stock buybacks.

“Two weeks ago we reported strong first half results, which allowed us to increase our guidance for the secon...

ATA approves $5 million share buyback

2010-02-22T09:50:34Z

<div id="subtitle">ATA approves acquisitions of $5M in American Depositary Shares</div><div><p>The board of the Chinese computer-based testing company ATA approved the buyback of up to $5 million in company shares.</p><p>ATA, which is based in Beijing and offers computer-based testing and related services, said Friday the buyback plan is authorized through March 2011....