Lam Research (LRCX) has approved a $1 billion share repurchase authorization, with execution planned over the next 12 to 18 months; and a 50% increase of the company's quarterly dividend. On an annualized basis, the quarterly dividend of $0.45 per share of common stock will return approximately $291 million to stockholders based on shares outstanding as of September 25, 2016. The increased dividend payment has been declared and will be made on January 4, 2017 to holders of record on December 14, 2016.
The Allstate Corporation declared a quarterly dividend of 33 cents on each outstanding share of the corporation's common stock, payable in cash on January 3, 2017, to stockholders of record at the close of business on November 30, 2016.
UGI Corporation (UGI) has declared a quarterly dividend of $0.2375 per share on the company's common stock. The dividend is payable January 1, 2017 to shareholders of record as of December 15, 2016.
International Game Technology (IGT) has declared a quarterly cash dividend of $0.20 per ordinary share. The dividend is payable on December 19, 2016 to all shareholders of record as of the close of business on December 5, 2016.
Donaldson Company (DCI) declared a regular cash dividend of 17.5 cents per share, payable December 21, 2016, to shareholders of record as of December 6, 2016.
Old Republic International Corporation (ORI) declared a quarterly cash dividend on the common stock of 18.75 cents per share. This dividend is payable December 15, 2016, to shareholders of record on December 5, 2016.
For MarketNewsVideo.com, I'm Sayoko Murase.
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