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People & Business :: Earnings/Finance
DuPont Launches Share Repurchase Program
9:03 AM MDT | April 27, 2011 | Vincent Valk
DuPont is launching a $2 billion share repurchase program, to offset dilution of the company's stock due to compensation plans. The new program will begin once DuPont exhausts the $500 million remaining on an existing share buyback program launched in 2001, meaning that the company is set to repurchase $2.5 billion in shares. The company has also declared a quarterly dividend of 41 cts/share, the same as the dividend for the previous quarter. It is DuPont's 427th consecutive quarterly dividend, and is will be paid out on June 10 to shareholders as of May...
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