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Intel announces $20 billion increase in stock buybacks (from $4.5 billion)

posted by martyb on Sunday October 27 2019, @06:25PM   Printer-friendly

An Anonymous Coward writes:

"Intel today announced its board of directors has approved a $20 billion increase in its stock repurchase program authorization. In the third quarter, the company generated approximately $10.7 billion in cash from operations, paid dividends of $1.4 billion, and used $4.5 billion to repurchase 92 million shares of stock".

https://www.intc.com/files/doc_financials/2019/Q3/Q3-2019-Earnings-Release.pdf

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Intel announces $20 billion increase in stock buybacks (from $4.5 billion) | Log In/Create an Account | Top | 22 comments | Search Discussion
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  • (Score: 0) by Anonymous Coward on Monday October 28 2019, @04:24AM (2 children)

    by Anonymous Coward on Monday October 28 2019, @04:24AM (#912643)

    Also you are taxed on dividends in the period you receive them at a non-long term capital gain rate

    If you have held the underlying for a few months, your dividends are "qualified", which means you pay long term capital gains rates on them. That government meddling has sweetened dividends by a whole lot since Baby Bush's government implemented that.

    What about the corporate tax normally payable on dividend payouts. Is buying back your own stock considered an expense?

  • (Score: 0) by Anonymous Coward on Monday October 28 2019, @12:35PM (1 child)

    by Anonymous Coward on Monday October 28 2019, @12:35PM (#912755)

    Thanks for that. I will talk to my accountant about this.

    • (Score: 0) by Anonymous Coward on Monday October 28 2019, @03:45PM

      by Anonymous Coward on Monday October 28 2019, @03:45PM (#912849)

      Update: I guess he already knows and has been taxing me accordingly. Just that when I spoke to him last he so over simplified that what he told me was essentially incorrect. Then today he says, well, the rules are more complicated than that, blah blah blah, but yes, you have been taxed correctly. I guess he's so busy he doesn't have time to correctly explain anything to me ....