© Reuters. Today’s most important buybacks
Marriott (MAR) raise 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. (TMO) today announced that its board of directors has authorized the repurchase of $4 billion of shares of its common stock.
Steel Dynamics, Inc. (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.
The Beauty Health Company (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.
By Davit Kirakosyan
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