Sentences with phrase «share repurchases from»

Not exact matches

Imperial raised its quarterly dividend to 19 Canadian cents from 16 Canadian cents per share and the number of shares that may be repurchased to up...

the Company's share repurchase plans depend on a variety of factors, including the Company's financial position, earnings, share price, catastrophe losses, maintaining capital levels commensurate with the Company's desired ratings from independent rating agencies, funding of the Company's qualified pension plan, capital requirements of the Company's operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions and other factors.

The firm maintains an index of S&P 500 companies spanning nine sectors that have offered the highest yield from share repurchases and dividend payments over the past 12 months.

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.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

In addition to the factors impacting the year - over-year changes in quarterly GAAP pretax income, GAAP EPS for 1Q18 was further affected by a lower number of shares primarily reflecting share repurchases in 2017 and the impact of a lower tax rate in 1Q18 resulting from the Tax Reform Law.

Though the billionaire investor recently backed down from his fight with Apple for a stock buyback, he still may have won the battle; CEO Tim Cook announced Apple repurchased $ 14 billion of its shares.

On Thursday, the company announced it is raising $ 100 million through the sale of common stock, which it will use to repurchase shares from one of its founders and to provide liquidity for early employees.

«We believe the bogey for investors is a 15 percent increase to Apple's total reported capital return number (shares repurchase plus past dividends), which would imply a $ 150 billion headline number, up from $ 130 billion announced last year,» said Gene Munster, an analyst at Piper Jaffray, in a recent note.

«The number of companies repurchasing shares dropped from 390 in Q1 to 378 in Q2,» Butters added.

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.

«Dollar - value share repurchases amounted to $ 134.4 billion over the second quarter (July), which represented a 6.9 % decline from the first quarter (April) and a 0.4 % decline year - over-year,» FactSet's Andrew Birstingl notes.

Apple also increased its dividend 15 percent to $ 3.05 a share and said it will expand its share repurchase program to $ 60 billion from the $ 10 billion level announced last year.

The company spent heavily on share repurchases in the first quarter of 2016, at the height of the fallout from its E. coli scare.

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 (the SEC).

That's because many big enterprises regularly issue more stock than they buy back, using the proceeds for repurchase of new shares from newly exercised options and vested restricted stock, for M&A, and for secondary offerings.

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.

For each CEO's tenure, the researchers calculated three metrics: the country - adjusted total shareholder return (including dividends reinvested), which offsets any increase in return that's attributable merely to an improvement in the local stock market; the industry - adjusted total shareholder return (including dividends reinvested), which offsets any increase that results from rising fortunes in the overall industry; and change in market capitalization (adjusted for dividends, share issues, and share repurchases), measured in inflation - adjusted U.S. dollars.

During the year ended April 30, 2013, a total of 1,072,917 restricted shares were repurchased from two stockholders, and during the eight months ended December 31, 2013, 2,062,830 restricted shares were repurchased from one stockholder.

Hilton in early April repurchased 16.5 million shares of Hilton common stock from HNA Group for $ 1.17 billion.

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 2011, we distributed $ 5.0 billion to stockholders through share repurchases and common stock dividends, including increasing the common stock dividend rate 140 % from 2010, and repurchasing 86 million common shares.

In June 2014, 608,247 restricted shares were repurchased from one shareholder for $ 173,000 and in September 2014, a promissory note of $ 120,000 for 444,444 restricted shares was paid following the vesting of the shares.

But the printer and copier maker's EPS target of $ 1.12 was unchanged from the prior year, and managers hit it exactly after $ 1.1 billion in share repurchases.

Share repurchases have helped the stock market climb to records from the depths of the financial crisis.

The reduction in outstanding shares resulting from the stock repurchase program increased fiscal 2014 EPS.

Many subsidiaries, including Chief Auto Parts, were sold off in order to pay the heavy debt that resulted from the repurchase of shares.

It is our understanding that you solicited feedback from various large shareholders concerning our previous request, but we don't think anyone would deny that we were a key influence with respect to your previous decision to increase share repurchases.

For private stock, you have to dig a little deeper to find someone willing to buy the shares, or let the company repurchase the shares from you in stock buyback program.

The Wall Street Journal also recently cited data that S&P 500 companies are repurchasing shares at a rate of roughly $ 125 billion a quarter this year, which is the lowest level since 2012 and down from an average of $ 142 billion a quarter between 2014 and 2016.

Grullen and Michaely [2002] find that firms have substituted away from dividends towards share repurchases.

During Moody's earnings conference call, management addressed shareholder return items, reiterating that the company would aim for a modest $ 200 million in share repurchases in 2018 — just enough to offset dilution from employee share issuance.

Through October 15, 2014, the company has repurchased nearly 3.4 million of the 3.5 million shares of its common stock under its initial authorization from October 2013 for a total of $ 186 million.

«But either share repurchases or dividends will keep [Berkshire's cash pile] from growing larger and larger and larger,» Brandt said.

What the rule doesn't do is provide immunity from Rule 10b - 5, where they can not repurchase shares while in possession of material non-public information.

The company repurchased 505,023 shares of its common stock under its share repurchase program for a total of $ 25.6 million through the end of 2013 and has repurchased an additional 530,189 shares for a total of $ 26.3 million from January 4, 2014 through February 26, 2014.

Senator Tammy Baldwin plans to introduce a bill on Thursday that would prohibit companies from repurchasing their shares on the open market, Baldwin told CNNMoney.

Rather, it will simply be prohibited from paying out dividends to its common shareholders, and also from repurchasing any of its common shares.

«On October 24, 2017, our board of directors authorized a $ 150.0 million stock repurchase program, allowing us to repurchase shares of our common stock over a two - year period from time to time at various prices in the open market or through private transactions.

«During fiscal year 2000, the Company repurchased 56 million shares of common stock for an aggregate cost of $ 1.1 billion, primarily to manage dilution resulting from shares issued under the Company's employee stock plans.»

In addition, its new management team announced a $ 50 million share - repurchase program that could add a lot of value for its shareholders if the company is cleared from any wrongdoing, or gets away with only paying small fines.

The research firm expects 9 - cent - per - share accretion to 2018 EPS from the $ 750 - million stock repurchase planned this year.

Money raised from the sale of the company's annuity business will go toward repurchasing shares, Voya executives said.

The reason we chose Apache (APA) and Chesapeake (CHK) from a large pool of undervalued energy stocks was that both managements had shown a willingness to sell assets and redeploy the proceeds by repurchasing shares.

I wanted to share all my favorite beauty products from the last year with you; the items I repurchase over and over again, and would hate to ever live without.

* Expands buyback program by up to $ 750 mln * Has already repurchased shares worth $ 100 mln June 28 (Reuters)- Auto parts supplier Dana Holding Corp said it expanded its share repurchase program to up to $ 1 billion from $ 250 million.

In early December the bookseller bought back their shares from Microsoft and today, B&N repurchased the 5 % equity investment from Pearson for $ 28 million dollars in cash and stock.

As I wrote last year, the 500 largest U.S. companies repurchased about a quarter of their equity's dollar value from 1998 to 2012, but the number of shares outstanding actually grew more than 7 % over that same period.

All or a portion of any loss resulting from that sale is disallowed by the IRS and must be added into the average cost basis of the repurchase shares.

It seems that for most companaies, a share repurchase is little more than an expensive mop to soak up share dilution from executive stock options or other share - based compensation.