Boston, MA 05/20/2014 (wallstreetpr) – In its efforts to reward shareholders, Murphy USA Inc (NYSE:MUSA) plans to spend $125 million to repurchase its common stock shares by December 31. That comes on the wake of $50 million new repurchase program approval by the company’s board. The company has not revealed the method or timing of the repurchase. The company repurchased $250 million worth of its common stock shares in 1Q2014 as part of its previously approved $1 billion buyback program. The company’s strengthening cash position is supporting the return of bigger value to shareholders in the form of buybacks and dividends. The company paid $56.1 million in dividend during 1Q. In addition to rewarding shareholders with dividend and buybacks, Murphy USA Inc (NYSE:MUSA) continues to make investments to support revenue growth and profitability for the long-term. Its investments include strategic acquisitions.
The cash endowed and “buy” rated Republic First Bancorp, Inc. (NASDAQ:FRBK) has its eyes set on big growth. The company intends to make strategic investments to support higher revenue and profitability. The company has plans for expanded presence in Southern New Jersey and Philadelphia. However, the company also has its focus on other promising markets that it will zero into from time to time. Making investment is no longer a problematic affair at Republic First Bancorp, Inc. (NASDAQ:FRBK). The company raised $45 million through a private stock placement and the amount will support its investment activities without sinking into debts. Shares of the company are up 70.13 percent since the beginning of 2014. Analysts are bullish in the stock with TheStreet adjusting its rating on the stock to a “buy” from a “hold.”
TELUS Corporation (USA) (NYSE:TU) has announced a $1.6 billion boost to its investment program through to 2016. The company previously planned to invest $2.6 billion from 2012 to 2014. However, it boosted that amount with a new $1.6 billion for spending in new infrastructure, expansion of capacity and improvement of rural and urban Internet connectivity as the company seeks to bring the fastest wireless technology to the community in Alberta. The newly approved investment program will capture 2015 and 2016.
