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Investing.com: Here's a professional summary of the biggest dividend increases, special dividends, and stock buyback announcements you may have missed this week.
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TE Connectivity approves a new buyback of 1.5 billion dollars and increases the dividend by 10%
TE Connectivity (NYSE:) announced Tuesday that its board of directors authorized an increase to its share repurchase program by an additional $1.5 billion.
Additionally, the board approved a recommendation to increase the company's quarterly dividend by 10% to $0.65 per share, or $2.60 per share annualized. This proposal will be presented for shareholder approval at the company's annual general meeting scheduled for March 13, 2024.
Cigna announces a new buyback of 10,000 million dollars
Cigna (NYSE announced that its board of directors approved an additional $10 billion for share buybacks, bringing the total authorization for share buybacks to $11.3 billion. This announcement follows reports Previous reports indicated that the company ended negotiations to merge with Humana (NYSE:) Following the announcement, shares rose more than 16% on Monday.
“We believe Cigna shares are significantly undervalued and the buybacks represent a value-enhancing deployment of capital as we work to support high-quality care, greater affordability and improved health outcomes,” said CEO David M. Cordani.
Two increases and a special dividend
Costco Wholesale (NASDAQ declared a special dividend of $15 per share, payable on January 12, 2024, to shareholders of record on December 28, 2023, with an ex-dividend date of December 27, 2023. The annual performance of dividend is 2.4%.
Lamb Weston (NYSE increased its quarterly dividend by 28.6% to $0.36 per share, or $1.44 annualized, for an annualized dividend yield of 1.4%. The dividend will be paid on March 1 2024 to shareholders of record on February 2, 2024, with an ex-dividend date of February 1, 2024.
American Eagle Outfitters (NYSE:) increases its quarterly dividend by 25% to $0.125 per share, or $0.5 annualized, for an annual yield of 2.4%. The dividend will be paid on January 19, 2024 to shareholders of record on January 5, 2024, with an ex-dividend date of January 4, 2024.
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