Share Buyback Program Authorized by A.H. Belo Corporation (AHC)
A.H. Belo Corporation (NYSE:AHC) declared that its board has initiated a share buyback program, which permits the company to repurchase 1,000,000 outstanding shares on Monday, October 30th, EventVestor reports. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
AHC has been the topic of a number of research reports. ValuEngine downgraded A.H. Belo Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet downgraded A.H. Belo Corporation from a “c-” rating to a “d+” rating in a research note on Friday, August 11th.
A.H. Belo Corporation (NYSE:AHC) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.04) earnings per share (EPS) for the quarter. A.H. Belo Corporation had a positive return on equity of 1.70% and a negative net margin of 8.59%. The business had revenue of $63.09 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Wednesday, November 8th. A.H. Belo Corporation’s payout ratio is -32.00%.
About A.H. Belo Corporation
A. H. Belo Corporation is a local news and information publishing company. The Company is engaged in providing commercial printing, distribution and direct mail services, as well as media and digital marketing services. The Company operates through two segments: Publishing and Marketing, Event Marketing and Other Services (MEMO).
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