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General

Juniper increases dividend, share buybacks after slower Q4

Wednesday 30 January 2019 | 09:55 CET | News
Juniper Networks reported fourth quarter revenues in line with expectations, pulled down by weakness at some customers. Conditions will remain challenging in the first quarter and then pick up in the second half. As a result, the company has increased its quarterly cash dividend by around 6 percent to USD 0.19 per share and said it will continue to grow the figure over time. Juniper said it also plans to enter an accelerated share buyback programme of USD 300 million  and to then be "opportunistic" about share repurchases. The moves are in line with the company's goal of returning 75 percent

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Categories: General
Companies: Juniper Networks
Countries: World
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