1,900 companies have spent money on buybacks and dividends since 2010, and the combined
return of capital to shareholders for those companies equals 113 % of capital spending, according to Reuters.
Not exact matches
Otto Energy says the sale
of its Galoc oil field assets in the Philippines
to Singapore - based energy company Risco Energy Investments
for $ 113.4 million will help fund exploration activities
for two years and
return capital to shareholders.
«We are moving forward with a continued sense
of urgency on our four strategic priorities: narrowing our focus on clients, products, and geographies where we can grow profitably; driving
for efficiency; growing through innovation and optimizing our data assets and client relationships; and
returning excess
capital to shareholders,» he added.
That said, we will continue
to evaluate opportunities that maximize the risk adjusted
returns on our
capital for the benefit
of our common
shareholders.»
«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).»
Upon a «liquidity event» (a liquidation,
return of capital, refinancing, sale or listing), the articles
of the company provide
for the exit proceeds
to be distributed amongst the
shareholders as follows:
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.
A
return of capital may occur,
for example, when some or all
of the money that
shareholders invested in the fund is paid back
to them.
This could potentially dash expectations
for greater
return of capital to shareholders.
«2014 was a great year
for Marriott Vacations Worldwide, with adjusted EBITDA
of $ 200 million, adjusted free cash flow
of nearly $ 300 million and over $ 210 million
of capital returned to our
shareholders.
Management has made a priority
of selling non-core assets
to return capital to shareholders, but the company's prospects
for sustainable long - term profit growth in a low - rate environment look increasingly bleak.
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.
«Your board recognises and accepts that remuneration levels across the industry have
to adjust
to the new reality
of higher
capital and lower
returns for the sector,» he will tell
shareholders.
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.
The dividend aristocrats are a great place
to pick up some good companies and an excellent starting point
for additional reseach into high quality dividend stocks with strong histories
of returning capital to shareholders.
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?!
In the end, an AGAINST vote is a rejection
of this no bid / no premium takeover
of the company... it doesn't change the fact that
shareholders deserve & should / will continue
to push
for a fairer & more sensible
return of capital (ideally at a premium &
for a larger amount).
With most
of the consideration now in escrow & a successful EGM approval, the company will shortly propose a wind - up
to yield an estimated GBP 54.4 p per share
capital return (reflecting a 1.2191 GBP / USD rate)
for shareholders.
One
of our themes
for investing in JP Morgan Chase (JPM), Wells Fargo (WFC), and Morgan Stanley (MS) is increased
returns of capital to shareholders.
The strong growth and cash flow from Humira, the continued development
of their drug pipeline, and management's commitment
to returning capital to shareholders through dividends has increased our estimate
of fair value
for the company and changed our holding period from one year
to multiple years.
In fact, the
return of capital via a tender offer should also provide further reassurance:
Shareholders could be unfairly penalised if they accepted a tender offer based on incomplete info, and / or an NAV per share that did not represent market values
for all assets (& liabilities)-- potentially exposing the board / company
to legal action.
Cash & Share Buyback / Tenders: Consider the scale
of the potential cash generation implied above, and Donegal's equally large discount
to intrinsic value... A strategy
of shrinking their outstanding share count is often the simplest & best way
for companies
to utilize cash,
return capital & enhance
shareholder value.
i) Tender Offer: Following last year's transfer
of GBP 20 mio from EIIB's share premium account
to distributable reserves, you stated «We are now reviewing options
for possible future
capital returns to shareholders and expect
to reach a conclusion early next year after having finalised our long term
capital requirements in consultation with the regulator.»
I think Death wins it slightly
for me, lower depreciation and higher FCF suggests its less
capital intensive, and EPS growth is close
to Net Income growth which suggests a management mindful
of shareholder returns.
Freeing up
capital and management time & attention,
to better exploit Asset Protection's growth opportunities (and perhaps
return capital to shareholders), might be the catalyst required
for a step - change in investor sentiment & the value
of the business.
«The Board has decided that conditions are now right
for a change in our
capital policy and is considering a
return of approximately # 10 million
of excess
capital to shareholders, more details
of which will be provided
to the market shortly.
The Board intends
to continue its approach
of considering
returning to shareholders any excess
of earnings over the sum
of ordinary dividends
for the financial year and increased
capital requirements, normally in the form
of special dividends.