AOL Announces Special Dividend, $600 Million Stock Buyback
AOL Inc. will return $1.1 billion to shareholders through a special dividend and said it will repurchase $600 million of stock under an accelerated stock-repurchase agreement with Barclays Bank PLC.
“Today’s announcement underscores AOL’s commitment to delivering value for our shareholders,” Chairman and Chief Executive Tim Armstrong said. “AOL remains committed to creating and unlocking value for all shareholders through smart execution and disciplined management of our asset portfolio.”
