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Stocks

“Microsoft Announces $60 Billion Buyback, 10% Dividend Hike”

“…Microsoft also will increase its quarterly dividend by 8 cents, to 83 cents a share. It’s the company’s 20th straight year of increasing its dividend. Microsoft stock rose 0.9% to 435.07 on Tuesday. MSFT stock has risen for seven straight… Continue Reading…

Stocks

“GM board approves new $6 billion share buyback authorization” [TUE, JUN 11 2024]

“… …” https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html

Stocks

“Apple Just Announced a $110 Billion Stock Buyback…”

“…For the period ended March 30, Apple’s revenue in China dropped 8% year over year to $16.4 billion. Much of this was attributable to a stalling iPhone segment, which dropped 10% year over year to $45.9 billion in all countries…”… Continue Reading…

Stocks

“Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback”

“Apple shares popped 6% Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program. It was the best day for the stock since Nov. 30, 2022. The iPhone maker announced Thursday it would repurchase $110 billion of its shares,… Continue Reading…

Stocks

“Uber stock pops more than 14% on $7 billion share buyback”

“Uber’s stock closed up more than 14% on Wednesday after the ride-hailing company announced it will buy back up to $7 billion worth of company shares… The buyback news comes a week after Uber reported fourth-quarter results that beat Wall Street’s earnings and revenue… Continue Reading…

Business

“GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes”

“…The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated $10 billion share repurchase program; and reinstate its 2023 guidance to include an estimated $1.1 billion in earnings before interest… Continue Reading…

Banking

“HSBC Plans $3 Billion Buyback, CEO Touts Capital Strength”

“…The London-headquartered bank said that it would shortly begin buying back an additional $3 billion of its shares, taking total stock repurchases for the year to $7 billion. HSBC Chief Executive Officer Noel Quinn signaled there may be more to… Continue Reading…

Stocks

“RTX Shares Jump After Earnings Beat, Stock Buyback, and Engine Inspection Update”

“Shares of RTX (RTX) jumped over 7% Tuesday after the defense contractor reported better-than-expected results, announced a stock buyback, and gave an upbeat assessment of the progress it is making on inspections of a potential jet engine defect. The company formerly… Continue Reading…

Business, Stocks

“PSEG boosts dividend, sets $500 million stock buyback”

“PSEG said Monday it’ll increase its annual dividend by 12 cents a share to $2.16 per share beginning in the first quarter of 2022 and buy back $500 million in stock after it closes the $1.9 billion sale of its… Continue Reading…

Business, Economy, Stocks

“BP Launches Share Buyback as Profits Soar. What It Means for the Stock.”

“BP stock made gains early on Tuesday, as the oil major committed to $500 million share buybacks after profits more than tripled in the first quarter. The London-listed energy giant cited “exceptional” gas marketing and trading performance and higher oil prices… Continue Reading…