(Forbes.com published the following Reuters article on January 16.)
FORT WORTH, Texas — Railroad company Burlington Northern Santa Fe Corp. said on Thursday it increased its share repurchase program by 30 million shares.
Burlington Northern Santa Fe, which is headquarted in Fort Worth, Texas, said it has about 376 million shares outstanding as of the end of 2002. The company had repurchased a total exceeding 116 million shares under previous authorizations that came in 1997, 1999 and 2000.
Separately, Burlington Northern Santa Fe said it declared a quarterly dividend of 12 cents per share, payable on April 1 to shareholders of record as of the close on March 11.