Buybacks and dividends
Every Sainteur story on buybacks and dividends, newest first.
Costco declares a $30-per-share special cash dividend of about $13.3 billion
Costco ($COST) declared a $30-per-share special cash dividend of about $13.3 billion, payable December 4 to holders of record November 24. It reauthorized a buyback of up to $4 billion through November 2030, replacing a 2023 program under which $3.1 billion had been purchased.
Strategy buys $81.9 million of bitcoin and repurchases $188 million of STRC
Strategy ($MSTR) bought 1,036 bitcoin for $81.9 million last week and bought back $188.3 million of its STRC preferred stock.
It funded both moves by selling 2,051,348 shares of MSTR for $283.8 million in net proceeds and now holds 850,364 BTC.
NRG agrees to a $4 billion plant deal with LS Power and lifts its buyback plan
NRG Energy ($NRG) agreed to transfer 4.9 GW of gas plants to LS Power for $4 billion in cash, with expected proceeds to support $3 billion of share repurchases across 2026 and 2027 plus an additional $2 billion of debt reduction at close. Third-quarter GAAP EPS was $2.59, and NRG reaffirmed 2026 guidance.
Strategy's bitcoin-buying preferreds come with a growing dividend bill
Perpetual preferreds have contributed to the accumulation of 135,979 bitcoin, Fidelity says. Every new share also adds to the payouts, and Strategy's latest week paired a $193 million buyback with just 267 bitcoin.
GM just had its worst week in nearly three years, by Bloomberg's count, and the analysts it tracks still aren't saying sell
GM's stock slid amid concerns about a narrower 2026 outlook and rising commodity costs, despite a quarterly beat and a new $20 billion buyback authorization.
Western Digital and Bloom Energy beat estimates, Deckers cut its sales outlook, and all four stocks fell
All four reported after Thursday's close. Deckers raised its EPS outlook while cutting its sales forecast, and Newmont's sales rose even as it sold less gold.
Meta will hand every shareholder a new non-voting share to help pay for AI
Meta's board approved a publicly listed, non-voting Class C stock, effective January 2027, and will pay one Class C share for every Class A and Class B share. The company says it needs the flexibility for capital raising, employee pay and deals as AI spending climbs.
Tesla's cash flow blows past forecasts as IBM and TI beat
Tesla's revenue was flat, but free cash flow beat estimates by billions. IBM, Texas Instruments, AT&T and Elevance beat, Philip Morris trimmed expectations, and Moody's missed.
Netflix Hits Its Quarter, Then Cuts Its Ad Forecast for the Year
Third-quarter revenue of $12.87 billion matched estimates and profit beat, but Netflix lowered its 2026 ad revenue outlook to about $2.7 billion and its full-year sales forecast slipped.