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Today's most important buybacks

Published 11/10/2022, 06:13 PM
Updated 11/10/2022, 06:45 PM
© Reuters.  Today's most important buybacks
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By Davit Kirakosyan

Marriott (NASDAQ:MAR) raised its quarterly dividend by 33.3% to $0.40 per share, or $1.6 annualized. The company’s board of directors also has increased the share repurchase authorization by an additional 25 million shares of the company's Class A common stock, bringing the total authorization to approximately 30.8 million shares.

Thermo Fisher Scientific Inc (NYSE:TMO) today announced that its board of directors has authorized the repurchase of $4 billion of shares of its common stock.

Steel Dynamics Inc (NASDAQ:STLD) today announced that its board of directors authorized an additional share repurchase program of up to $1.5 billion of the company's common stock, which is additive to the previous $1.25 billion program, of which $245 million is remaining.

Beauty Health Company (NASDAQ:SKIN) today announced that it has entered into an accelerated share repurchase agreement (ASR) with JP Morgan Chase Bank, N.A., to repurchase an additional $100 million of its common stock. This transaction was entered into pursuant to the company’s existing share repurchase program, of which $100 million remained as of November 9.

 

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