logo
Plus   Neg
Share
Email

Skyworks Announces $1 Bln Stock Buyback Program - Quick Facts

Skyworks Solutions, Inc. (SWKS) announced its Board has authorized the repurchase of up to $1 billion of the company's common stock from time to time prior to January 31, 2020, on the open market or in privately negotiated transactions. The newly authorized stock repurchase program replaces in its entirety the $500 million stock repurchase program that was approved by the Board on January 17, 2017, and had approximately $2 million of repurchase authority remaining.

Skyworks' Board has declared a cash dividend of $0.32 per share of the company's common stock, payable on March 15, 2018, to stockholders of record at the close of business on February 22, 2018.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Hundreds of Google employees signed a petition protesting the company's secret project to develop a censored version of its search engine for China. In a letter, posted by Buzzfeed and first reported by the New York Times, the employees said that work on the project and Google's return to China raises "urgent moral and ethical issues." Google is trying to keep a foothold in China. U.S. President Donald Trump has expressed support for a possible end to quarterly earnings reports for publicly traded companies, saying it would allow greater flexibility and save money. Nvidia Corp. (NVDA) Thursday reported a surge in its second-quarter profit, driven largely by a better-than-expected growth in revenues and strong margins. However, shares of the graphics chip maker slipped about 4 percent in extended session, as its revenue outlook for the current quarter fell short...
Follow RTT