By Davit Kerakossian
Like dividends, stock buybacks are a way companies can return excess money to shareholders. Repurchasing shares in the open market not only helps to support the share price, but also increases earnings per share (EPS) due to a decrease in the number of shares outstanding.
Texas Instruments Incorporated (NASDAQ 🙂 today announced an increase in quarterly cash earnings from $1.15 per share to $1.24, or $4.96 annually. The Board of Directors also authorized the buy-back of additional shares of $15 billion of the company’s common stock. The company had approximately $8.2 billion in previously authorized buybacks at the end of June 2022.
xforce (NASDAQ 🙂 announced that it has entered into a corporate stock buyback plan, which allows the company to buy back existing common stock under a stock buyback program authorized by its board of directors during the period from September 16, 2022 through November, incl. 2, 2022.
One Liberty Properties (NYSE:) announced a quarterly dividend of $0.45 per share, or $1.8 per year, to be paid on October 7, 2022, to shareholders of record on September 27, 2022. The company also announced that its Board of Directors approved an amount of $5.2 Approximately. $1 million to the current share repurchase license (approximately $2.3 million remaining).
market Inc (NASDAQ 🙂 announced that its Board of Directors has unanimously approved a share buyback program of up to $100 million of the company’s Class A common stock.
Arrow Electronics, Inc. (NYSE:) today that its board of directors has authorized the buyback of up to an additional $600 million of common stock through its existing stock buyback program.
Aurora Mobile Limited (NASDAQ 🙂 has announced that its Board of Directors has approved a share buyback program of up to $5 million of its common stock over a 12-month period beginning September 15, 2022.