FOX - Fox declares $0.25 dividend authorizes incremental $3B stock repurchase
- Fox ( NASDAQ: FOX ) declares $0.25/share semi-annual dividend , in line with previous.
- Forward yield 1.57%
- Payable March 29; for shareholders of record March 1; ex-div Feb. 28.
- The company announced that its Board of Directors has authorized incremental stock repurchases of an additional $3B of the company's Class A common stock and Class B common stock. With this increase, the company's total stock repurchase authorization is now $7B.
- The company also announced that it intends to enter into an accelerated share repurchase transaction to repurchase $1B of Class A common stock under the stock repurchase program and to repurchase an additional $450M of common stock during the remainder of fiscal 2023.
- To date, the company has repurchased ~$2.2B of Class A common stock and approximately $935M of Class B common stock.
- See FOX Dividend Scorecard, Yield Chart, & Dividend Growth.
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Fox declares $0.25 dividend, authorizes incremental $3B stock repurchase