Remove 2018 Remove Debt Financing Remove Dividends
article thumbnail

Targa Resources Corp. to Acquire Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; Provides Updated 2022 Standalone Financial Outlook

Benzinga

Fully cash and debt-financed transaction; expect pro forma year-end 2022 leverage ratio around 3.5 This acquisition further supports our already strong cash flow profile and ability to return an increasing amount of capital to our shareholders through common dividend increases and common share repurchases," added Meloy.

EBITDA 40
article thumbnail

The Corporate Tax Burden: Facts and Fiction

Musings on Markets

For instance, the 2017 US tax reform act, in addition to lowering the corporate tax rate, also changed the way that foreign income to US companies was taxed and put limits on the tax deductibility of debt. and the cash tax rate by 2.75%. In a more telling statistic, the dollar value of taxes paid increased between 2017 and 2019 by 1.4%

article thumbnail

The Causes and Consequences of Repurchasing Shares

Reynolds Holding

firms have more than tripled inflation-adjusted dividends, while real share repurchase values have ballooned from $5 billion in 1971 to almost $1 trillion in 2018 and become the dominant form of payout. New research shows that firms do not directly substitute repurchases for dividends; often these payouts complement one another.