AECOM Increases Share Repurchase Authorization To $1B And Raises Quarterly Dividend By 22% To $0.22/Share
Portfolio Pulse from Benzinga Newsdesk
AECOM has announced an increase in its share repurchase authorization to $1 billion and has raised its quarterly dividend by 22% to $0.22 per share.
November 13, 2023 | 9:15 pm
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POSITIVE IMPACT
AECOM has increased its share repurchase program to $1 billion and raised its quarterly dividend to $0.22, a 22% increase.
The increase in share repurchase authorization and the raised dividend are positive signals to investors, indicating confidence by management in the company's financial health and a commitment to returning value to shareholders. This typically leads to a positive short-term reaction in the stock price as it reflects a bullish stance by the company.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100