These three stocks, which are at or near the top of their respective industries, just increased dividends by double-digit percentages. Below, I’ll reveal how much these companies are paying out to shareholders now. I’ll also touch on notable share buyback news. Plus, I’ll provide an update on key proposed legislation that investors should be aware of regarding one of these companies.
In addition to this dividend increase, the company also announced it has authorized a $15 billion share repurchase program. Based on a market capitalization of $691 billion as of the Dec. 20 close, this buyback program represents 2% of the company’s value. Although relatively small, the buyback program is three times larger than its previous program.
Like Lilly, Mastercard authorized a meaningful share buyback program. The company now has $15.9 billion in share buyback authority. This figure combines the new $12 billion number with the $3.9 billion that still remains from its previous buyback program. Together, this authorization amounts to over 3% of the company’s $485 billion market capitalization as of the Dec. 20 close.
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