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Tag Archives: common stock

David Thompson: Orbital ATK’s $150M Buyback Plan Gets Board Approval

David Thompson

Orbital ATK‘s (NYSE: OA) board of directors has approved a plan to buy back an additional $150 million of the company’s common stock through the end of 2016. The company said Monday it may repurchase shares in the open market depending on factors such as market condition and that transactions …

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Lockheed’s Additional $3B Stock Buyback Plan Gets Board OK

lockheed martin

Lockheed Martin (NYSE: LMT) will buy back as much as $3 billion of company stock following approval from its board of directors. The company said Thursday any transaction that will be made under its extended share repurchase program is subject to authorization from management and market regulations. Lockheed reported $45.6 …

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Northrop to Spend Another $4B on Stock Buyback Plan

northrop Grumman_BLUE

The board of directors at Northrop Grumman (NYSE:NOC) has approved a plan to repurchase as much as $4 billion of common shares. Northrop said Wednesday it will buy back stock from time to time, depending on market conditions and subject to authorization from the management team. The company can transact …

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SAIC Board OKs Plan to Buy Back 5M Shares

SAIC logo

Science Applications International Corp.’s (NYSE: SAIC) board of directors has approved a plan to buy back up to 5 million in common shares through an existing program authorized by the board in October 2013. SAIC said Monday its board has also authorized a cash dividend of 31 cents per share on the company’s …

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Northrop OKs 70-Cent Dividend for Shareholders

northrop Grumman_BLUE

Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of 70 cents per share on the company’s common stock. The company will give the dividend to shareholders of record as of March 2, Northrop said Tuesday. Stockholders are scheduled to receive the payment March 18.

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ATK Unveils Share Distribution Plan for Vista Outdoor Spinoff

money investment

ATK‘s (NYSE: ATK) board of directors has decided to give stockholders two shares of common stock in the future ATK sporting group spinoff company Vista Outdoor for every share of ATK common stock. ATK said Tuesday that stockholders will either receive a book-entry account statement on their Vista Outdoor common stocks or have their Vista Outdoor …

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Northrop Board OKs Additional $3B Stock Buyback Plan

northrop Grumman_BLUE

Northrop Grumman (NYSE: NOC) will repurchase an additional $3 billion of its common stock following approval from the board of directors. The company said Thursday that further share repurchase transactions are subject to authorization from management as well as market conditions. The Wall Street Journal reported that Northrop plans to buy back 25 percent of its shares before …

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Carlyle Group Reduces Booz Allen Ownership Stake to 37%

BoozAllenLogo

An affiliate of The Carlyle Group (NASDAQ: CG) has sold 10 million shares of Booz Allen Hamilton‘s (NYSE: BAH) Class A common stock to J.P. Morgan Securities for $263.1 million, or around $26.31 per share. Booz Allen said Wednesday that these transactions would result in Carlyle owning 37 percent of Booz Allen’s outstanding stock. The firm added that it also …

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Level 3 Buy of TW Telecom Set for Nov. 5 Closure

acquisition, merger

Level 3 Communications (NYSE: LVLT) and tw telecom (NASDAQ: TWTC) shareholders have voted to move forward with Level 3’s acquisition of tw telecom, which the companies expect to close before an earnings call next week. Level 3 said Tuesday the majority has also agreed on the allocation of common stock to tw telecom stockholders and to increase the …

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Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues

Marillyn Hewson

Lockheed Martin (NYSE: LMT) will move forward on its share repurchase program after the board of directors approved to buy back an additional $2 billion of the company’s common stock. The company also said Thursday its dividend for its fiscal year 2014 fourth quarter will increase 13 percent from the previous quarter $1.50 and is payable on Dec. …

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