FRANKFURT (Dow Jones) — Linde plc is paying shareholders a higher dividend and has announced a new share buyback program. The board approved a quarterly dividend of $1.17 per share, up 10 percent sequentially, the gases company said. A new share buyback program of up to $10 billion was also approved.
The new buyback program follows the $5.0 billion program approved on January 25, 2021 and previously completed. Under the new program, Linde can acquire up to 15 percent of its approximately 507 million shares currently outstanding in the period from March 1, 2022 through July 31, 2024.
According to the announcement, the purpose of the program is the reduction of share capital, the fulfillment of obligations arising from financial instruments that are convertible into equity instruments and the fulfillment of obligations arising from stock options.
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(END) Dow Jones Newswires
February 28, 2022 13:45 ET (18:45 GMT)
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