Aon announces $5 billion share buy-back programme
Aon is embarking on a $5 billion share buy-back programme and has announced a 5% increase in its quarterly cash dividend (to $0.1575 per share) on outstanding Class A ordinary shares.
“We have taken significant steps to strengthen our industry-leading product portfolio, position the firm for strong free cash flow generation and increase financial flexibility,” said Greg Case, the group’s president and chief executive officer.
Aon will be repurchasing shares from time-to-time, depending on market conditions.
source: www.insurancedaily.co.uk