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$MMM has increased the dividend payout ratio to approx. 54% in 2015, up from 37% in 2012. For 2016, the company expects to use $4-6Bil of cash for gross share repurchases or $3-5Bil net of reissuances. This will lead to a reduction of average diluted shares outstanding by approx. 4% thereby increasing EPS by $0.25-0.35.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.