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Emc Corp Increases Share Buyback Program to $6 Billion, Institutes Quarterly Dividend


Thursday, 30 May 2013 07:00am EDT 

Emc Corp announced that the Board of Directors has increased its authorization to repurchase EMC common stock from $1 billion in 2013 to $6 billion over the three-year period ending December 31, 2015. Within this authorization, EMC expects to repurchase $3.5 billion of its common stock by the end of Q2 2014; this amount includes the $500 million EMC has spent on buybacks in 2013 to date. The Company also announced that the Board has approved the initiation of a quarterly cash dividend to EMC shareholders. The first quarterly dividend of $0.10 per share of common stock will be paid on July 23, 2013 to shareholders of record as of the close of business on July 1, 2013. 

Company Quote

29.41
-0.03 -0.10%
28 Aug 2014