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DuPont Announces $5 Billion Share Repurchase Program

, DuPont/dupont.com

DuPont announced that its Board of Directors authorized a new $5 billion share repurchase program of the company´s common stock. This program replaces the existing repurchase program. The company expects to repurchase $2 billion in 2014 with the remainder to be repurchased over time with no required completion date.

"This $5 billion share repurchase program reflects our commitment to shareholders and our confidence in building a higher growth, higher value company,” said DuPont Chair and CEO Ellen Kullman. “Given our cash position, strong balance sheet and outlook, this program is a measured way to maintain ample financial capability, reinvest in our science-based businesses for growth, and deliver attractive cash returns to our shareholders.”

Since 2008, DuPont’s dividend and share repurchases have returned more cash to shareholders as a percentage of market capital than the average of its peers and the S&P 500.

 

 

, DuPont/dupont.com

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