03.06.2015 - Wendy's will repurchase shares for $ 1.4 billion
At Wendy's announced intention to repurchase shares worth 1.4 billion dollars. The company which owns the fast food chain said that they would buy back the shares for the amount of $ 850 million. It is worth mentioning that the company recently sold its business associated with baking. At the same time, the statement notes that the policy on dividend growth will remain unchanged. Given the news, as well as steady growth in financial indicators, we expect growth of quotations by 25-28% per year.