Two Sides North America has released the second of three engaging new infographics on Why do so many people love print on paper? The new infographic focuses on the fact that the majority of Americans consider print on paper as enjoyable, relaxing and practical. “Our survey results confirm that, even in our increasingly digital society, a large majority of people see the benefits and value of print on paper. This not only includes leisure reading, but also critical tasks like managing finances”, says Phil Riebel, President Two Sides North America. The infographic is designed to bust key myths about the switch from paper to digital, and highlight the benefits of print on paper for learning, literacy and providing a deeper understanding of information. Click Read More below for additional information.
Macy’s, Inc.’s (NYSE:M) board of directors today announced actions to enhance the company’s shareholder returns through an increase of $1.5 billion in share repurchase authorization and its intent to increase the July dividend by 5 percent. The company also is declaring a regular April dividend.
“Our company continues to generate significant cash flow. We are committed to enhancing shareholder value, in part, through dividends and share repurchases while simultaneously returning our leverage ratio to within our targeted range of 2.5 to 2.8,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc.
Increased Share Repurchase Authorization
The board has increased the company’s share repurchase authorization by $1.5 billion. After giving effect to this increase, the remaining authorization outstanding, as of the end of the 2015 fourth quarter on Jan. 30, 2016, is approximately $2 billion. The company can use the authorization to purchase common shares in the open market, in privately negotiated transactions or otherwise at any time and from time to time without prior notice.
Since resuming its share repurchase program in August 2011, Macy’s, Inc. has bought back approximately 152.2 million shares for approximately $7.3 billion through Jan. 30, 2016.
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