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Ingersoll-Rand's stock set for gains after new $1.5 billion repurchase program
Ingersoll-Rand's stock set for gains after new $1.5 billion repurchase program
Shares of Ingersoll-Rand PLC were indicated up nearly 1% in premarket trade Wednesday, after the diversified industrial company said it authorized a new $1.5 billion stock repurchase program. The new program will launch once the previous $1.5 billion program is completed. Based on Tuesday's stock closing price of $103.90, the new buyback program could repurchase up to 14.44 million shares, or about 5.9% of the shares outstanding. Separately, the company declared a regular quarterly dividend of 53 cents a share, payable Dec. 31 to shareholders of record on Dec. 7. The stock has rallied 16.5% year to date through Tuesday, while the SPDR Industrial Select Sector ETF has gained 4.8% and the S&P 500 has advanced 9.3%.
https://finance.yahoo.com/m/5a7155e...47/ingersoll-rand's-stock.html?.tsrc=rss
Ingersoll-Rand's stock set for gains after new $1.5 billion repurchase program
Shares of Ingersoll-Rand PLC were indicated up nearly 1% in premarket trade Wednesday, after the diversified industrial company said it authorized a new $1.5 billion stock repurchase program. The new program will launch once the previous $1.5 billion program is completed. Based on Tuesday's stock closing price of $103.90, the new buyback program could repurchase up to 14.44 million shares, or about 5.9% of the shares outstanding. Separately, the company declared a regular quarterly dividend of 53 cents a share, payable Dec. 31 to shareholders of record on Dec. 7. The stock has rallied 16.5% year to date through Tuesday, while the SPDR Industrial Select Sector ETF has gained 4.8% and the S&P 500 has advanced 9.3%.
https://finance.yahoo.com/m/5a7155e...47/ingersoll-rand's-stock.html?.tsrc=rss
