Liquidity options vary and may take the form
of share repurchase programs or secondary marketplace transactions but are generally limited.
Templeton Dragon Fund, Inc., Templeton Russia and East European Fund, Inc., and Templeton Emerging Markets Fund Announce Modification
of Share Repurchase Programs
«We are very pleased that MSG's board of directors and management have committed to pursue a plan to enhance value for all MSG shareholders through the combination
of a share repurchase program and contemplated business spin - off... We look forward to the full and timely implementation of these plans,» JAT Capital Management LP said in an email to Reuters.
An earlier version of this story misstated the effective date
of the share repurchase program.
Apple would have to gain just 8 % to reach the cuatro commas club (probably a little more because
of its share repurchase program.
Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today announced the completion
of its share repurchase program (the «Program»), as required by the conditions of the issuer bid exemption order issued to RBC by the Ontario Securities Commission on January 10, 2018...
Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today announced the completion
of its share repurchase program (the «Program»),...
Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today announced the completion
of its share repurchase program...
The company increased its dividend by 33 % and announced the start
of a share repurchase program.
Not exact matches
In an open letter to Apple CEO Tim Cook, posted to Icahn's website Thursday, he outlined a
share buyback
program in which Apple would
repurchase $ 150 billion
of its own stock in order to improve company growth.
From the inception
of our Stock
Repurchase Program through April 27, 2018, we
repurchased approximately 23.7 million
shares of our common stock at an aggregate market value
of approximately $ 1.5 billion.
Citigroup was the highlight after hours, doubling its quarterly dividend to 32 cents per common
share and announcing a common stock
repurchase program of up to $ 15.6 billion.
The company said it expects to use part
of the proceeds to buy back
shares and raised its
repurchase program by $ 5 billion to $ 7.7 billion.
The company
repurchased 1.6 million
shares of common stock for $ 24.3 million during the first quarter under the company's $ 300 million
share buyback
program.
Here's some more color on returning cash to shareholders from Butters» note: «
Share repurchase programs have become a very popular way
of returning capital to shareholders over the years.
Maestri said that since Apple has now completed $ 275 billion
of its $ 300 billion capital return
program, including $ 200 billion in
share repurchases, Apple will complete its original plan three quarters early, in June.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other
programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (t
programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount
of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability
of funding for state AIDS Drug Assistance
Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (t
Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market
share and price erosion caused by the introduction
of generic versions
of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect
of lowering prices or reducing the number
of insured patients; the possibility
of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels
of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits
of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages
of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory
programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (t
programs; safety and efficacy data from clinical studies may not warrant further development
of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its
share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate
of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
During the third quarter, NIKE, Inc.
repurchased a total
of 14.6 million
shares for approximately $ 962 million as part
of the four - year, $ 12 billion
program approved by the Board
of Directors in November 2015.
In its quarterly report on Tuesday, Apple said it would earmark $ 100 billion for a new
share repurchase program, succeeding a $ 210 billion buyback
program that started in 2012 and will wrap up this quarter - roughly nine months ahead
of schedule.
The board
of directors
of T. Rowe Price Group approved adding another 10 million
shares to it stock
repurchase plan, expanding that
program to 21 million
shares, the Baltimore - based money management firm announced Thursday.
Apple's stock buyback
program isn't just bigger than those
of other companies, it's also better at doing what investors want
share repurchases to do.
Between 1984 and 1993, Coca - Cola acquired 570 million
shares of its own stock through its stock
repurchase program, reducing the
shares outstanding from 3.174 billion to 2.604 billion.
In addition, the company announced that its Board
of Directors has authorized a
share repurchase program under which the company may
repurchase up to 3,500,000
shares of its outstanding common stock.
According to disclosures published by Grayscale in 2015, the
program's
repurchases took place at the same time that
shares were being created by the trust — in violation
of Regulation M.
The company's board
of directors has authorized the
repurchase of an additional 2 million
shares of its common stock, bringing the total
share authorization under its
share repurchase program to approximately 3.4 million
shares.
HP
repurchases shares of its stock under an ongoing
program to manage the dilution created by
shares issued under employee stock plans as well as to
repurchase shares opportunistically.
Following the stress tests, Bank
of America boosted its dividend by 50 % and added a $ 5 billion
share repurchase program to boot.
With the newly announced $ 100 billion
share repurchase program, it's clear that Apple is running out
of ideas.
A shareholder proposal by Carl Icahn
of a non-binding advisory resolution that the Company commit to completing not less than $ 50 billion
of share repurchases during its 2014 fiscal year (and increase the authorization under its capital return
program accordingly)(Proposal No. 10); and
Royal Bank
of Canada (RBC)(«RY» on TSX and NYSE) today announced that it will
repurchase shares under a specific
share repurchase program (the «Program&r
program (the «
Program&r
Program»).
Dividends and
share repurchases must be funded by domestic cash, and the Company has returned to shareholders or invested all
of the domestic cash generated by its business and raised through the issuance
of debt since the beginning
of the
program.
During fiscal 2014, the company
repurchased 36.8 million
shares as part
of our stock
repurchase program.
«RESOLVED, that the shareholders hereby approve, on an advisory basis, High River's proposal that Apple commit to completing not less than $ 50 billion
of share repurchases during Apple's fiscal year ending September 27, 2014 (and increase the amount authorized for
share repurchases under its Capital Return
Program accordingly).»
Since the inception
of the
program through March 31, 2018, Select Medical has
repurchased 35,924,128
shares at a cost
of approximately $ 314.7 million, or $ 8.76 per
share, which includes transaction costs.
A proposal by Carl Icahn
of a non-binding advisory resolution that the Company commit to completing not less than $ 50 billion
of share repurchases during its 2014 fiscal year (and increase the authorization under its capital return
program accordingly)
2018.01.10 Royal Bank
of Canada announces specific
share repurchase programs as part of its normal course issuer bid Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today announced that it will repurchase shares under two specific share repurchase programs (the «Programs&ra
programs as part
of its normal course issuer bid Royal Bank
of Canada (RBC)(«RY» on TSX and NYSE) today announced that it will
repurchase shares under two specific
share repurchase programs (the «Programs&ra
programs (the «
Programs&ra
Programs»)...
2017.10.11 Royal Bank
of Canada announces specific
share repurchase program as part of its normal course issuer bid Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today announced that it will repurchase shares under a specific share repurchase program (the «Program&r
program as part
of its normal course issuer bid Royal Bank
of Canada (RBC)(«RY» on TSX and NYSE) today announced that it will
repurchase shares under a specific
share repurchase program (the «Program&r
program (the «
Program&r
Program»).
By their very nature, forward - looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our forward - looking statements, including statements about the specific
share repurchase program forming part
of the normal course issuer bid by Royal Bank
of Canada, will not be achieved.
As a part
of the stress tests, these banks must also seek regulatory approval to increase their dividends or authorize new
share repurchase programs.
When a board
of directors authorizes a
share repurchase program, it typically states either the number
of shares the company is interested in buying back or a dollar amount it will spend on its stock buyback.
Typically, when a company announced a stock buyback
program, the prospect
of repurchases boosts the
share price.
Berkshire has an open - ended
share repurchase program that authorizes management to
repurchase shares if the stock price drops below a price - to - book ratio
of 1.2 x.
In what could be called the «ultimate stock buyback
program,» TPL is using multiple income streams to eventually
repurchase all
of its outstanding
shares.
Medium Risk — Growth (M / GRW) Lower to average risk equities
of companies with sound financials, consistent earnings growth, the potential for long - term price appreciation, a potential dividend yield, and / or
share repurchase program.
Share Repurchase Program During the second quarter of 2014, the company repurchased 936,060 shares of its common stock at an average price of $ 55.56 per share for a total of approximately $ 52 mil
Share Repurchase Program During the second quarter
of 2014, the company
repurchased 936,060
shares of its common stock at an average price
of $ 55.56 per
share for a total of approximately $ 52 mil
share for a total
of approximately $ 52 million.
As well as missing revenue forecasts, Alibaba announced a $ 4 billion
share repurchase program over two years, which it said was primarily aimed at offsetting the impact
of the company's
share - based compensation
programs and other factors that could dilute the
share price.
Since the launch
of the
program on October 20, 2013 through October 15, 2014, the company has
repurchased nearly 3.4 million
shares of the 3.5 million
shares originally authorized.
Through July 22, 2014, the company has
repurchased a total
of nearly 2.5 million
shares of its common stock for a total
of $ 134 million since the launch
of the
program on October 20, 2013.
In the second quarter
of 2014, the company
repurchased 936,060
shares of its common stock under its
share repurchase program for approximately $ 52 million.
Through July 22, 2014, the company has
repurchased a total
of nearly 2.5 million
shares for a total
of $ 134 million since the launch
of the
program in the fourth quarter
of 2013.