Equifax Announces Additional $550M Stock Repurchase Program

Press release from the issuing company

Monday, May 4th, 2015

Equifax Inc. today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.29 per share, payable on June 15, 2015, to shareholders of record at the close of business on May 22, 2015.  

Equifax also announced that the Board of Directors has authorized the repurchase of up to an additional $550 million of the company's common stock.  With this additional authorization, the total remaining authorized share repurchase amount was $753 million as of April 30, 2015. Stock repurchases under this program may be made through open-market and privately negotiated transactions at times and in such amounts as management deems appropriate.  The stock repurchase program does not have an expiration date and may be limited or terminated at any time without prior notice.

"Equifax continues to enhance shareholder returns through organic growth and investment in key strategic initiatives while maintaining a strong balance sheet and both paying a competitive dividend and repurchasing shares," said Richard F. Smith, Equifax Chairman and CEO. "The Board's decision to expand the authorization level for share repurchases underscores the confidence they have in the future of Equifax."                     

Over the past ten years through March 31, 2015, the company has returned $2.6 billion to shareholders through a combination of dividends and share repurchases, or 91 percent of reported net income.