Principal to repurchase stock
Principal Financial Group, Inc. announced Tuesday that it will repurchase up to $200 million of the company’s outstanding common stock.
The company also announced a quarterly dividend of 18 cents per share on its common stock.
“This action and the common stock dividend also announced today reflect our continued confidence in the strength and financial flexibility of our business model,” said Larry Zimpleman, chairman, president and CEO, in a release.
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