Huntington Ingalls Increases Quarterly Dividend and Increases Share Repurchase Authorization

published 11:32 pm ET November 12th, 2019

On November 5, Huntington Ingalls Industries (HII) announced that its Board of Directors increased the company’s quarterly dividend to $1.03 per share. This is an increase from $0.86 per share paid in each of the last four quarters. The Board of Directors also increased the company’s share repurchase authorization from $2.2 billion to $3.2. billion. They extended the current repurchase program for two more years to October 31, 2024.

 

Jet Equities issued an alert to subscribers at 4:30 pm. The most recent trade took place at 4:15 pm for $230.14. The stock price moved higher after the market open the next day, and the push higher continued over the next five trading sessions. Huntington Ingalls closed at $253.96 on November 12 for a gain of 10.4%.

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