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Technology Stocks : Intuit -- What's Its Future?
INTU 672.12+1.2%Dec 2 4:00 PM EST

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From: Sr K8/20/2011 7:04:18 PM
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Intuit Grows Annual Revenue 11 Percent, Operating Income 17 Percent

Expects 9 to 11 Percent Revenue Growth and Double-Digit EPS Growth in Fiscal 2012; Company Announces Cash Dividend

Press Release Source: Intuit Inc. On Thursday August 18, 2011, 4:00 pm EDT

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Quarterly Dividend

Intuit’s board of directors approved a quarterly cash dividend. The cash dividend will be paid on Oct. 18 to shareholders of record as of the close of business on Oct. 10. The dividend will be $0.15 a share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of the board of directors.

Stock Repurchase Program

During the fourth quarter, Intuit repurchased $250 million of its shares, bringing total repurchases to nearly $1.4 billion for fiscal 2011.

With $640 million remaining on the current authorization, Intuit’s board of directors approved a new $2 billion stock repurchase program, authorized through August 2014. The three-year window provides the flexibility to maintain an active stock repurchase program while also investing for growth.

finance.yahoo.com
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