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$PDCO repurchased approx. 4.4MM shares of its outstanding common stock in FY16, with a value of $200MM, leaving approx. 16MM shares for repurchase under its current authorization. The company did not repurchase shares during 4Q16. $PDCO also paid $23.6MM in cash dividends to shareholders in 4Q16 and $90.6MM in FY16.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.