From Nasdaq: 2024-12-03 08:39:00

Corteva (NYSE: CTVA) announced a $3 billion share buyback, representing 7.5% of its stock. This move complements the company’s strong cash flow and dividend growth outlook. Analysts are bullish on the stock, with a consensus Buy rating and a potential new all-time high near $70.

AECOM (NYSE: ACM) had a stellar 2024, exceeding expectations with record backlog and pipeline activity. The company raised its dividend by 18% and increased its share repurchase authorization to $1 billion. With strong cash flow and low dividend payout ratio, AECOM is on track to hit $140, according to analysts.

EOG Resources (NYSE: EOG) increased its dividend payout by 7% and lifted its buyback authorization to $5 billion. Despite concerns about funding the buyback with debt, EOG’s strong balance sheet and low leverage provide reassurance. Analysts rate the stock as a Hold, with potential for at least 10% growth in 2025.



Read more at Nasdaq:: 3 Hot Buyback Announcements That Will Drive Value in 2025