X Companies That Announced Shareholder Friendly Activities
Companies with excess cash could return some of the capital to shareholders directly through a cash dividend payment or indirectly by buying back its own stock which makes each remaining share more attractive as it represents a greater ownership stake of the company and signals management’s confidence that the stock price is at an attractive level to invest in.
Here are a list of five different companies that span multiple segments that have decided to reward shareholders on Tuesday to varying degrees.
Iron Mountain Boosts Dividend
Iron Mountain (NYSE: IRM) is a holding company which stores and records physical records and data backup media and provides information management services.
On Tuesday the company declared a cash dividend of $0.55 per share which marks an increase of 13 percent from the prior dividend payout of $0.485 per share which investors have been enjoying.
Oshkosh Boosts Dividend By 11%
Oshkosh (NYSE: OSK) is a designer, manufacturer and marketer of specialty vehicles and vehicle bodies, including access equipment, defense trucks and trailers.
In conjunction with the company’s third quarter earnings report, Oshkosh declared a quarterly cash dividend of $0.21 per share, marking an increase of 11 percent from its prior declared dividend.
Tractor Supply Declares Dividend & Stock Buyback
Tractor Supply Company (NASDAQ: TSCO) is the largest rural lifestyle retail store chain in the U.S.
On Tuesday the company declared a new quarterly dividend of $0.24 per share. Along with the dividend, the company also authorized an incremental $1 billion to its already existing stock repurchase program which now allows the company to buy back $3 billion worth of its own stock.
Regions Financial Boosts Stock Repurchase Program
Regions Financial (NYSE: RF) is a regional financial holding with $125 billion in assets.
On Tuesday the company announced that it has increased its total stock repurchase authorization by $120 million to $760 million from a previous $640 million.
Lazard Boosts Share Repurchase Authorization
Lazard (NYSE: LAZ) is a leading financial advisory and asset management firm with operations across 42 cities and 27 countries.
On Tuesday the company announced that it boosted the total value amount of stock which it is allowed to buy to $400 million which represents a boost of $236 million.
Iron Mountain, Oshkosh, Tractor Supply, Regions Financial, Lazard
NYSE:IRM, NYSE:OSK, NASDAQ:TSCO, NYSE:RF, NYSE:LAZ