11-13-2013, 07:00 PM
MARKET CURRENTS
real-time news and commentary for investors
Market Currents
Wednesday, Nov 13
5:13 PM
Aflac increases repurchase authorization by 40M shares, shares +1.1% AH
Aflac (AFL) nearly triples its share repurchase authorization, adding 40M shares to the remaining 16.9M shares under the prior authorization. If the new authorization is used in full, it would be good for reducing shares outstanding by 9.1%.
Aflac expects to repurchase $800M in shares in 2013 and $800M-$1B in 2014.
I would have preferred a larger div hike personally but this may be better since the shares appear to still be undervalued.
real-time news and commentary for investors
Market Currents
Wednesday, Nov 13
5:13 PM
Aflac increases repurchase authorization by 40M shares, shares +1.1% AH
Aflac (AFL) nearly triples its share repurchase authorization, adding 40M shares to the remaining 16.9M shares under the prior authorization. If the new authorization is used in full, it would be good for reducing shares outstanding by 9.1%.
Aflac expects to repurchase $800M in shares in 2013 and $800M-$1B in 2014.
I would have preferred a larger div hike personally but this may be better since the shares appear to still be undervalued.