Jacobs OKs $1B additional stock buyback, hikes dividend (NYSE:J)

Jacobs (NYSE:J) shares turned optimistic in Wednesday’s buying and selling, +0.7% after its board accredited a brand new repurchase authorization for the acquisition of as a lot as $1B of widespread inventory.

The engineering firm’s board additionally declared a quarterly money dividend of $0.26/share, up 13% from the earlier $0.23 quarterly payout.

Jacobs’ (J) income ought to proceed to learn from wholesome backlog ranges and a robust order pipeline, and margins ought to enhance because of the firm’s increased margin challenge wins, GS Analytics writes in an evaluation printed on Looking for Alpha.