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Rating:Stilwell Bought Back $323 Million of Shares Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 09, 2002

CORP FINANCE
Stilwell Bought Back $323 Million of Shares

by: Sean Hanna, Editor in Chief

Stilwell Financial's board of directors has reinstated and extended the firm's stock repurchase program. The parent of Janus and Berger Funds said it will buy back up to $1 billion worth of shares.

The firm added that it has so far repurchased 7.2 million shares worth $323.3 million.

The Stilwell board also said that the firm will pay a $0.04 per share annual dividend to shareholders on July 31, 2002. The record date is July 15.  

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