URS Details 2-Year Repurchase, Dividend Plan; Thomas Hicks, Martin Koffel Comment

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URS Corp. (NYSE: URS) has told investors that it plans to return $500 million of its capital to stockholders by the end of fiscal year 2015. The company will carry out the plan via share repurchases and dividends as part of its capital allocation strategy over the next two years, URS said Thursday. Chief Financial Officer H. Thomas Hicks said the company has repurchased more than 10 percent of its...

L-3 Increases 9th Straight Quarterly Dividend, Buying Back $1.5B In Shares

L-3 Communications (NYSE: LLL) has increased its quarterly dividend for the ninth straight quarter as the board of directors declared a 55-cent dividend, 10 percent more than the previous 50-cent dividend. The company will also enter its sixth share repurchase program as the board has approved a plan to buy back $1.5 billion in common stock through June 15, 2013, L-3 said Wednesday. Cash on hand and...

Boeing to Restart $3B Share Buyback, Issues 10% Higher Dividend

Jim McNerney Boeing (NYSE: BA) announced Monday it will restart its $3.6 billion share repurchase program, with plans to buy back between $1.5 billion and $2.0 billion in stock during 2013. The company also announced a regular quarterly dividend of 48.5 cents per share, a 10 percent increase. Shareholders of record as of Feb. 15, 2013 will receive the dividend March 8. “As returns accelerate...

Exelis Plans $100M Share Repurchase Over Next 4 Years

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ITT Exelis‘ (NYSE: XLS) board of directors has approved a plan to repurchase up to $100 million of its common stock over the next four years, the company announced Wednesday. The company said the primary goal of the buyback initiative is to offset dilution from equity awards made by the company. Purchases can occur between Dec. 11, 2012 and Dec. 31, 2015 and the company said it will determine...

Harris Selling Broadcast Segment for $225M as Part of $200M Share Buyback; William Brown Comments

William Brown Harris Corp. (NYSE: HRS) has agreed to sell its broadcast communications segment to an affiliate of The Gores Group for $225 million, including $160 million at the expected close date in early calendar year 2013. Harris said the deal, subject to regulatory review and closing conditions, also includes a $15 million subordinated promissory note and a potential $50 million payout based...

Booz Allen Continues Mulling Cash Moves, Authorizes $30M Share Repurchase

The board of directors for Booz Allen Hamilton‘s (NYSE: BAH) parent company has authorized the company to tap its current cash holdings to repurchase $30 million in shares of its outstanding common stock. The purchases will be made in the open market, possibly in privately-negotiated transactions, the company announced Tuesday. “We continue to look at a number of options for use of our...

General Dynamics Board Declares Dividend, Authorizes Share Repurchases

The General Dynamics (NYSE: GD) board of directors has declared a regular quarterly dividend of 47 cents per share on the company’s common stock. The dividend will be payable Aug. 5, 2011, to shareholders of record at the close of business July 1. The board also authorized management to repurchase up to 10 million shares of the company’s issued and outstanding common stock on the open market.

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