Avnet shares rallied Wednesday after the company unveiled plans for an aggressive stock repurchase plan.
Lastly, cash has been spent consistently on stock repurchase programs as well as cash dividends.
The company expects to complete its current 300 million share stock repurchase program by mid-year or sooner.
The board of directors also restarted its stock repurchase program after suspending it last year due to the Minefinders acquisition bid.
Corning continued to purchase outstanding common stock throughout the quarter, and expects to complete its stock repurchase program in the fourth quarter.
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We also believe that the stock repurchase program is in the best interest of our stockholders and demonstrates our commitment to increase stockholder value.
Comcast shares are trading sharply higher Wednesday on a combination of strong Q4 results, a big dividend hike and an aggressive new stock repurchase plan.
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The responses were evenly split between those who thought stock repurchase programs were a good idea and those who thought the money should be spent elsewhere.
This is why many view the initiation of a stock repurchase program as confirmation that a firm has no better or more productive use of their cash.
JPMorgan resumed its stock repurchase activity at some point in the second quarter, but the bank really put things in high gear in the third quarter of the year.
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Last year Rex Tillerson, chief executive of Exxon Mobil, took a step back from stock buybacks and allowed IBM to replace his oil behemoth as the U.S. stock repurchase leader.
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The dividend hike and ginormous increase in the stock repurchase authorization are nice, but what needs to happen is the way Apple is viewed and valued by investors needs to change.
Once the capacity expansion program winds down, my expectation is for large free cash flows going forward and for the company to embark on a sizable stock repurchase plan and to aggressively raise its dividend.
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The stock repurchase program means Hecla is authorized to repurchase up to 20 million shares of its outstanding common stock from time to time, with the purchases expected to occur over the next 24 months, the company said.
Best Buy's strong results for the three months ended Aug. 28 were due to tight expense controls, increased sales of cellphones and services such as connecting televisions with home networks, and a stock repurchase program that reduced total shares outstanding.
Even so, investors have been fearful about how InPhonic would smooth out its operating cash flow needs (thanks to the changes in the way it counts revenue), whether it would run out of money (the company has been using more cash than it generates) and whether there would be a stock repurchase.
Isis Chief Executive Stanley Crooke says by doing the deal he is betting on a rise in Isis' stock price, because Isis can use a combination of cash and its stock to repurchase the rights to the drugs.
Individual investors who sell a stock to realize a capital gain can repurchase the stock immediately and reset their cost basis to a higher level.
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Under orders from regulators, they were mostly unable to pay dividends and repurchase stock.
Company will also file revised plan seeking to use proceeds from asset sale closing in Q3 to repurchase stock.
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If companies cannot repurchase stock, they can award shares to employees only by issuing new ones, which dilutes the stakes of existing shareholders.
Essentially, this is an example of an attractive investment area in an age of financial repression, as they continue to grow dividends and repurchase stock.
For instance, Intel just recently issued non-convertible debt for the first time in nearly 25 years in order to repurchase stock and take advantage of the opportunity to capture value for shareholders.
The Fed will gather data from big banks and determine if they have enough capital to pay out dividends to goose their stocks higher, or enough capital to repurchase stock so higher earnings-per-share metrics makes them attractive.
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At the current Yahoo share price levels, she says, it pays to repurchase the stock.
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Proceeds will be used to meet working-capital requirements, to repurchase common stock, to refinance debt, or for general corporate purposes, filings show.
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They must wait 30 days to repurchase the stock, however, if they want the flexibility of writing off a potential loss on the new position.
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Goldman, however, did not repurchase any stock in the second quarter.
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Distribute capital means pay dividends or repurchase their own stock, as opposed to distribute capital to executives as bonuses, which accidentally has been left out.
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When a company like Merck announces intent to repurchase that much stock it usually means that the directors think that it is undervalued on a long-term basis.
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