Stocks/Earnings

Scripps Sets $1 Billion Stock Repurchase Plan

Programmer Raises Dividend by 15% 2/19/2015 3:30 PM Eastern

 

 
 
Scripps Networks Interactive  plans to spend $1 billion to repurchase its own share.
 
 
The lifestyle programmer is also raising its dividend by 15%, to 23 cents psr share to holders of record on March 2.
 
 
.Before the new $1 billion stock buyback program was authorized, Scripps had $448 million remaining on its previous repurchase plan.
 
 
Last quarter, the company announced a restructuring and reduced its workforce by 5% to be more efficient in its mission of creating lifestyle content. .
Want to read more stories like this?
Get our Free Newsletter Here!