LIN Linde PLC

   By Nathan Allen 
 

Linde PLC (LIN.XE) said Monday that its board has authorized a $1 billion buyback program, which will allow it to acquire up to 5% of its outstanding shares.

The program will run from Dec. 10 to April 30, 2019, Linde said.

Chief Executive Steve Angel said the program would allow the company to take advantage of an opportunistic time for stock repurchases.

The company will formally communicate a comprehensive capital allocation policy in the first quarter, he said.

Linde said it would pay a dividend of 83 cents a share for the fourth quarter. The dividend will be paid on Dec. 27, Linde said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

December 10, 2018 06:56 ET (11:56 GMT)

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