NXP Semiconductors Board Approves $2 Billion Share Buyback Plan

Date : 11/19/2019 @ 10:39PM
Source : Dow Jones News
Stock : NXP Semiconductors NV (NXPI)
Quote : 123.88  -0.1 (-0.08%) @ 12:59AM
After Hours
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Last $ 123.88 ◊ 0.00 (0.00%)

NXP Semiconductors Board Approves $2 Billion Share Buyback Plan

NXP Semiconductors NV (NASDAQ:NXPI)
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   By Stephen Nakrosis 
 

NXP Semiconductors N.V. (NXPI) on Tuesday said it will resume buying back shares after the company's board approved a $2 billion share repurchase program.

The company also said its board approved a dividend payment of $0.375 per ordinary share.

NXP has a market cap of $32.4 billion, 285.18 million shares outstanding and a 278.36 million public float.

Year to date, the company's shares are up 55%.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

November 19, 2019 17:24 ET (22:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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