CNBC's Dominic Chu takes a look at how much of its own stock Apple, General Electric and Microsoft actually bought back this year.
U.S. markets are expected to continue catching tailwinds from lower-for-longer interest rates, says Point View Wealth Management's David Dietze.
Last quarter saw a significant decline in the number of companies making such large repurchases.
NEW YORK— Target's board has approved the repurchase of $5 billion of its shares. Target Corp.' s board also declared a quarterly dividend of 60 cents per share. Shares of the Minneapolis- based company rose $1.05, or 1.5 percent, to $69.67 in premarket trading Wednesday about an hour ahead of the market opening.
Sept 21- Target Corp on Wednesday announced a new $5 billion share buyback plan. The retailer said it would begin repurchasing shares under the new plan upon completion of its current $10 billion program, which is expected before the end of fiscal 2016 in January. Target also declared a dividend of 60 cents per common share for the fourth quarter, unchanged from...
The company says the new share repurchase program has no expiration date and can be terminated at any time.
Microsoft said Tuesday its board has approved a dividend increase and a new $40 billion stock buyback plan.
REDMOND, Wash.— Microsoft Corp. says its board has approved a dividend increase and a new $40 billion stock buyback plan. The Redmond, Washington, company said Tuesday it will pay a quarterly dividend of 39 cents on Dec. 8 to shareholders of record Nov. 17. Shares of Microsoft are up about 30 percent in the past year.
Sept 20- Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase program. The company raised its dividend to 39 cents per share, up 3 cents from the previous quarter. The company also said it was on track to complete its current $40 billion stock repurchase program by Dec. 31.
Sept 20- Microsoft Corp said on Tuesday it would buy back up to $40 billion as a part of a new share repurchase program and raised its dividend by 8 percent. The company raised its dividend to 39 cents per share, up 3 cents from the previous quarter. Microsoft's shares were up 1 percent at $57.41 in extended trading on Tuesday.
Aug 30- The great stock buyback boom may be on the wane, undermined by falling company earnings. U.S. company stock buybacks are down 21 percent in the first seven months of 2016 compared to the same period a year earlier, according to TrimTabs Investment Research, a fall driven in part by five consecutive quarters of year-over-year earnings declines among S&P 500...
August set a record for U.S. corporate investment-grade bond deals, possibly paving the way for more dividends.
The record pace of stock buybacks raises the question of how corporate leaders really feel about what's ahead, says REX Shares' Greg King.
Shares of Viacom dipped more than 4 percent Monday after the company announced a resolution to a governance dispute that resulted in CEO Philippe Dauman's resignation.
NEW YORK, Aug 16- The value of stock buyback announcements from U.S. companies slowed to its lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market. "Buyback activity has been disappointing in earnings season," said David Santschi, chief executive officer of TrimTabs.
NEW YORK, Aug 16- The value of stock buyback announcements from U.S. companies slowed to their lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market. At $1.8 billion a day, the amount of buyback announcements from U.S. companies during the nearly completed...
Multiple Wall Street firms sent clients research this week worried about the deterioration of corporate stock buybacks this year.
*Q2 EPS 40 Canadian cents vs 46 cents average view. TORONTO, Aug 4- Manulife Financial Corp, Canada's biggest life insurer, said it could buy back shares after reporting lower-than-expected quarterly earnings and warning of a future C $500 million charge. Manulife blamed its disappointing second-quarter earnings on a sharp decline in interest rates as well as...
BRIEF-MANULIFE CEO SAYS CONSIDERING SHARE BUY-BACKS@. *Manulife CEO says giving consideration to buying back shares in company. *Manulife CEO says feels a lot of confidence about second half being better than first.
MANULIFE CEO SAYS GIVING CONSIDERATION TO BUYING BACK SHARES IN COMPANY.