DST Systems (DST) Raises Quarterly Dividend to 36c, Approves $300M Buyback and 2-for-1 Common Stock Split

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Go back to DST Systems (DST) Raises Quarterly Dividend to 36c, Approves $300M Buyback and 2-for-1 Common Stock Split

DST Systems, Inc. Announces New $300 Million Share Repurchase Program, 3 Percent Increase In Quarterly Dividend, And Two-For-One Stock Split

May 9, 2017 8:30 AM EDT

KANSAS CITY, Mo., May 9, 2017 /PRNewswire/ -- DST Systems, Inc. (NYSE:  DST) announced today that its Board of Directors  approved a new $300 million program to repurchase shares of DST's Common Stock. The Company's previous $300 million share repurchase programs were completed in April 2017. Repurchases under the Company's new program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. This share repurchase plan does not obligate the Company to acquire any particular amount of common stock, and... More