«Until recently EIIB was constrained in its ability to
return capital to shareholders by the lack of distributable reserves.
While none can completely escape the issue of market timing, they can certainly address the most critical aspect: ensuring that share buybacks do indeed
return capital to shareholders by reducing share count.
Not exact matches
Although the impact of deregulation can be difficult
to quantify, one study
by Bloomberg Intelligence suggests that the Treasury Department's plan
to ease regulation could free up a combined $ 124 billion of
capital to return to shareholders.1
This firm aligns executives» and
shareholders» interests
by tying compensation
to economic earnings and has increased its
return on invested
capital (ROIC) for five straight years.
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
Actual results may vary materially from those expressed or implied
by forward - looking statements based on a number of factors, including, without limitation: (1) risks related
to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail
to obtain
shareholder approval of the Merger Agreement, (c) the parties may fail
to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions
to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach
by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW
to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives
to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability
to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability
to operate its business,
return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related
to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented
by subsequent reports that BWW has filed or files with the SEC.
We have increased our dividends
by 100 % over the last 3 years, which speaks
to the consistent cash flow we generate and our intent
to return more
capital to shareholders through dividends.
They have a high
return on
capital, consistently good
returns, and they're run
by leaders who want
to create long - term value for
shareholders while also treating their stakeholders right.»
GE, in a move
to become a pure play industrial company, is exiting the financial services business
by selling the bulk of the assets contained in its GE
Capital unit and
returning most of the proceeds from that disposition
to shareholders in the form of a $ 50 billion share buyback.
If you have an ownership stake in a fantastic business with great
returns on
capital, a strong competitive position that makes it difficult
to unseat in its given sector or industry, and a board of directors that is
shareholder - friendly, it shouldn't cause you any particular distress
to watch your holdings decline
by 50 percent or more on paper.
«This quarter, we increased tangible book value per share
by 11 percent while
returning nearly $ 2.2 billion in
capital to common
shareholders.»
Add in that Amazon is diluting
shareholders by one percent in the last twelve months, versus Macy's which is
returning capital through dividends and share repurchases at a rate of twelve percent, and you get a complete picture of why Macy's looks attractive
to a value investor.
The funds generated
by these actions would help
to support efforts
to return about $ 90 billion in
capital to shareholders by 2018.
If
shareholders approve the sale of the stake
to TCCC, CCA expects
returns in Indonesia
to cover cost of
capital by 2020.
This agreement is an important part of positioning RiceBran Technologies
to focus on creating
shareholder value
by pursuing long - term opportunities
to expand our core ingredients business that will improve our margins and EBITDA and generate positive
returns on
capital.»
Reflecting a strong capacity for internal
capital generation, the Group's
Shareholders» Fund grew
by 8 percent
to N483.1 billion, whilst it delivered an annualized 18.2 %
return on average equity (RoAE) and an Interim Dividend of N0.20 per Share.
We aim
to generate value for our
shareholders by delivering sustainable
returns in the form of a regular, reliable and growing dividend, share repurchases, and long - term
capital appreciation.
He also sees opportunities in these sectors for
capital allocation that can enhance
shareholder returns, either
by using excess free cash flow
to buy back stock, or acquire competitors and operate the combined company more efficiently.
Well, except I'm not at all happy
to see the board opting for a B Share
return of
capital, rather than a share buyback / tender — supposedly favoured
by major
shareholders, though I struggle
to understand who would turn down an opportunity
to enhance NAV?!
On July 13 Ambassador Group announced a plan
to cease operations
by year - end and liquidate the business,
returning capital to shareholders.
Any unusual transactions wd stand out like a sore thumb... The investment objective's v clear also —
return capital to shareholders — any departure from that wd immediately be called out
by shareholders (and prob.
In my opinion, however, ADGF's share underperformance is due primarily
to the ongoing dilution described above as well as
shareholder value destruction caused
by generating
returns below the company's cost of
capital.
The aim of the investment management / research team is
to invest in companies which on average have high
return on
capital invested, are not excessively leveraged, are run
by competent and minority
shareholder friendly managers and are available at reasonably attractive valuations.
Fortunately, when it comes
to my disclosed Donegal Investment Group (DCP: ID) holding, it recently realised a major asset, with the valuation of its other major asset
to be determined
by year - end (thereby triggering a disposal), and management committed
to returning capital to shareholders via share buybacks.
Outerwall has historically produced high
returns on
capital, and it's a business that doesn't need much tangible
capital to produce huge amounts of cash flow (an attractive business), but it has been run similar
to companies that get purchased
by private equity firms — leverage up the balance sheet, issue a dividend (or buyout some
shareholders), thus keeping very little equity «at risk».