Starbucks Enters Into $2 Billion Accelerated Share Repurchase Program
March 20 2019 - 9:50AM
Dow Jones News
By Michael Dabaie
Starbucks Corp. (SBUX) said Wednesday it entered into a $2
billion accelerated share repurchase program.
Initial delivery of shares represents about 80% of the total
shares estimated to be repurchased under the program, which is
expected to be completed no later than June, Starbucks said.
The company said it has returned $14 billion toward its
previously announced commitment to return $25 billion to
shareholders via buybacks and dividends over a three-year period
through fiscal 2020.
Shares were up 0.8% premarket.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 20, 2019 09:35 ET (13:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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