Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
⏰ React to the Market Faster with Custom, Real-Time News Get Started
Today's Most Important Buybacks
© Reuters. Today's Most Important Buybacks
By Davit Kirakosyan
Baker Hughes (NASDAQ:BKR) announced today that its Board of Directors declared an increased quarterly cash dividend of $0.19 per share on its Class A common stock. Furthermore, the Board of Directors authorized Baker Hughes Holdings LLC to repurchase up to $2 billion of additional common units, increasing its existing share repurchase authorization, which was announced in July 2021, by $2 billion to $4 billion. The Company will use the proceeds from the sale of its Baker Hughes Holdings LLC common units to repurchase its Class A shares. Baker Hughes has repurchased approximately $1.2 billion of Class A shares under the current share repurchase authorization as of September 30, 2022.
LKQ Corporation (NASDAQ:LKQ) today announced that its Board of Directors has declared a quarterly cash dividend of $0.275 per share of common stock, reflecting a 10% increase over the prior quarterly dividend. Additionally, the company’s Board of Directors authorized a $1 billion increase and a one-year extension to its stock repurchase program, raising the aggregate authorization under the program to $3.5 billion and authorizing repurchases through October 25, 2025.
Comcast (NASDAQ:CMCSA) declared a quarterly dividend of $0.27 per share, and a huge buyback plan of $3.5 billion, much higher than what the Street was expecting.
WEX (NYSE:WEX) announced that its board of directors has authorized an amended share repurchase program of up to $650 million of the company’s common stock. The current share repurchase program, first announced in August, initially authorized the company to repurchase up to $150 million of common stock over a four-year period through August 23, 2026. This amendment increases the repurchase authorization to $650 million of common stock and shortens the duration to December 31, 2025. The company’s shares rose more than 7% today following the company’s reported Q3 beat and raised guidance.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.