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February 25, 2008, 5:08 pm
Xilinx Ups Dividend, Sets $800 Million Buyback
Posted by Eric Savitz
Xilinx (XLNX) this afternoon increased its quarterly dividend to 14 cents from 12 cents, and announced plans to buy back $800 million of common stock. That would be about 12.6% of the company’s current market cap. In after hours trading, XLNX is up 26 cents, or 1.2%, at $22.50. The stock rose 65 cents in the regular session. Post a Comment
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ABOUT THIS BLOG
Eric joined Barron's as a feature writer in New York in 1988, after four years at the Dow Jones news wires. In 1995, he moved to California as the magazine's first reporter in Silicon Valley, creating the Plugged In column. Eric left Barron's in 1998 to become executive editor of The Industry Standard. He rejoined Barron's in Palo Alto in late 2001. Eric also writes the weekly Tech Trader column in the print edition of Barron's. Criticisms, comments and tips can be sent to: techtraderdaily@barrons.com . |
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Our network comprises business and financial news web sites read by millions of business decision-makers around the world. Barron's is America's premier financial magazine, renowned for its market-moving stories and in-depth reporting.
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
