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Intuit Approved A New $3B Repurchase Authorization, Giving The Company A Total Authorization Of $4.9B To Repurchase Shares.

Author: Benzinga Newsdesk | August 22, 2024 04:09pm

The company:

Reported a total cash and investments balance of approximately $4.1 billion and total debt of $6.0 billion as of July 31.
Repurchased $2.0 billion of stock during fiscal year 2024. The Board approved a new $3.0 billion repurchase authorization, giving the company a total authorization of $4.9 billion to repurchase shares.
Received Board approval for a quarterly dividend of $1.04 per share, payable on October 18, 2024. This represents a 16 percent increase versus last year.

Posted In: INTU