While we recognize and applaud the company's previously
increased share repurchase authorization, we ask you to consider our advice once again (to the benefit of all shareholders) and consider accelerating share repurchases again via a tender offer.
During the first quarter of 2018, the company repurchased approximately 0.4 million shares for approximately $ 30 million related to the $ 500 million
share repurchase authorization approved by the company's board of directors in February 2017.
KKR expects to pay an annualized dividend of $ 0.50 per common share as a corporation and announces an increase in its
available share repurchase authorization to $ 500 million, effective immediately.
The company completed its prior $ 100 million
share repurchase authorization during the quarter and purchased 650,000 shares under the new program for $ 14 million and another $ 6.9 million since quarter end.
Guidance for the upcoming quarter was strong and the company also approved a $ 100 billion
share repurchase authorization and a 16 percent dividend increase.
On April 27, 2015, Apple announced that it had expanded its capital return program to $ 200 billion, which included an increase in
its share repurchase authorization from $ 90 billion to $ 140 billion.
The company has executed aggressively against the capital return program, spending $ 23 billion of the $ 60 - billion
share repurchase authorization in fiscal 2013 alone.»
With Boeing recently announcing a $ 18 - billion
share repurchase authorization, Safran said it may have to use a combination of debt and / or free cash flow in the event of an all - cash deal.
On September 23rd, SureWest announced that the board increased
its share repurchase authorization, «which increases the total amount previously available for repurchase under the program from approximately 253,000 shares to approximately 1,253,000 shares.»