CenturyLink Board OKs 2-Year, $1B Share Buyback Plan

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CenturyLink‘s (NYSE: CTL) board of directors has approved a plan to repurchase up to $1 billion of the company’s common stock over the next two years. The company intends to fund the purchases with free cash flow generated by the business and start the new initiative after completing its current share buyback initiative in the second quarter of its 2014 fiscal year, CenturyLink said Monday. Additionally,...

Leidos Inks $300M Share Repurchase Deal

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Leidos Holdings (NYSE: LDOS) and an unnamed financial institution have reached an agreement for the company to purchase $300 million in outstanding common shares through March 2014. Share price will determine the total number of shares for purchase over the period and the company plans to buy 80 percent of the planned stock in the near term, Leidos said Friday. LinkedInShareTweet+1E-mail

Verizon Board Declares 53-Cent Dividend, 7th Straight Annual Increase

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Verizon‘s (NYSE: Z) board of directors has declared a quarterly dividend of 53 cents per share on the company’s common stock, 1.5 cents higher than the previous quarter. This represents the seventh consecutive year that the board has approved a quarterly dividend increase and the new dividend is 6 cents higher on an annual basis, going from $2.06 per share to $2.12 per share, Verizon...

Harris Board Approves $1B Share Buyback Plan, 42-Cent Dividend

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Harris Corp.’s (NYSE: HRS) board of directors has approved a plan to buy back $1 billion in shares in addition to an existing program that has $62 million left in unused authorizations. The board has also declared a quarterly cash dividend of 42 cents per share to shareholders of record as of Sept. 10, 13.5 percent higher than the previous dividend, Harris said Monday. With this increase, the...

Raytheon Board Declares 55-Cent Dividend

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Raytheon‘s (NYSE: RTN) board of directors has declared a quarterly cash dividend of 55 cents per share on the company’s common stock. The dividend is payable Oct. 31 to shareholders of record as of the close of business on Oct. 2, the company said Wednesday. LinkedInShareTweet+1E-mail

Xerox Board OKs 6-Cent Common Stock Dividend

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The board of directors at Xerox (NYSE: XRX) has approved a quarterly cash dividend of 5.75 cents per share on the company’s common stock and a dividend of $20 per share on its Serie A convertible perpetual preferred stock. Holders of the common stock as of Sept. 30 will receive that dividend on Oct. 31, the company said Thursday. Shareholders of record as of Sept. 15 for the Serie A stock will...

L-3 Approves 55-Cent Dividend for Shareholders

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The board of directors at L-3 Communications (NYSE: LLL) has declared a quarterly cash dividend of 55 cents per share on the company’s common stock. Stockholders of record as of Aug. 19 will be paid the dividend on Sept. 16, the company said Wednesday. L-3 reported $13.1 billion in sales for its 2012 fiscal year. LinkedInShareTweet+1E-mail

CSC Board Declares 20-Cent Dividend

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Computer Sciences Corp.’s (NYSE: CSC) board of directors has approved a quarterly dividend of 20 cents per share on the company’s common stock. Shareholders of record as of the close of business on March 18 will receive the dividend on April 15, CSC said Monday. LinkedInShareTweet+1E-mail

Harris Board Declares 37 Cent Dividend

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Harris Corp.’s (NYSE:HRS) board of directors has declared a quarterly dividend of 37 cents per share on the company’s common stock. The dividend is payable on June 14 to shareholders of record as of May 31, the company said Friday. The communications and information technology contractor declared a dividend of the same amount in February. LinkedInShareTweet+1E-mail

Red Hat Board OKs $300M Share Buyback Plan; Charlie Peters Comments

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Charlie Peters Red Hat‘s (NYSE: RHT) board of directors has approved a plan to buy back up to $300 million of its common stock as the company says it has completed a separate repurchase program, also priced at $300 million. The open source provider has $1.3 billion in cash and investments as of Feb. 28 and plans to fund the repurchase program through its working capital, Red Hat said Monday. As...