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In the quarter, we continue to execute against our strategy that is driving long-term growth and shareholder value. We're very pleased with Enact's operational strength's capital levels and consistent shareholder distributions. Our first priority is to create shareholder value through Enact's growing market value and returns.
billion and net present value to our legacy business since 2012. Our first priority is to create shareholder value through our approximately 81% ownership stake in Enact. Enact's value continues to grow with a total shareholder return, or TSR, since its IPO of approximately 100% as of February 14th and approximately 15% in 2024.
Companies that dole out a regular payout to their shareholders tend to be profitable on a recurring basis, time-tested, and can offer transparent long-term growth outlooks. annualized return between 1972 and 2012, compared to just 1.6% on an annualized basis for nonpaying public companies over the same stretch.
Companies that pay a regular dividend to their shareholders tend to be profitable on a recurring basis and time-tested. between 1972 and 2012. The intimation is that the replacement of these cables, along with potential health-related liabilities, could be quite costly for telecom companies. Image source: Getty Images.
since 2012. The company has paid a continuous dividend to its shareholders since its founding in 1816. Hawaiian Electric has $165 million in annual general liability insurance, according to filings with state regulators. But the good news for NextEra Energy is that it's paying dividends. GW to 41.8 Further, York Water's 2.2%
Genworth continues to make strong progress against our strategic priorities to drive long-term growth and shareholder value. We are very pleased with Enact's continued strong operating performance, capital levels and shareholder distributions. billion in approvals on a net present value basis since 2012.
Genworth continued to make strong progress in the first quarter against our strategic priorities to drive long-term growth and shareholder value. We are very pleased with Enact's continued strong operating performance, capital levels, and shareholder distributions. per share and adjusted operating income of $85 million or $0.19
Genworth continued to make progress against our strategic priorities in the third quarter as we deliver long-term growth and drive shareholder value. LTC had an adjusted operating loss of 71 million, driven by a liability remeasurement loss under LDTI. Good morning, everyone, and thank you for joining our third quarter earnings call.
In 2023, Genworth made outstanding progress against our three strategic priorities, which enabled us to return significant value to our shareholders. We continue to allocate excess cash from Enact to drive Genworth's long-term shareholder value. As you know, Brian recently retired. per diluted share.
We continue to view returns to shareholders as an attractive use of our capital in the current environment, and this is reflected in our stock price, which has increased by over 60% as of the market close on Friday, August 4, since announcing our original share repurchase authorization in May of 2022. life insurance companies.
billion in operating cash flow from equipment operations at shipment volumes below midcycle levels is indicative of the structural improvements we've made, enabling continued reinvestment in the business and significant cash return to shareholders. And these kits are being installed on equipment with an average model year vintage of 2012.
Delek Logistics started back in 2012 as a classic drop-down story. We are in a point that we are aggressive around it, but we always want to make sure that we are doing whatever we are doing is attractive to both the DKL unitholder but also to our shareholders. This validates our strong position in the Permian Basin. Odely, please?
ESPN had a fantastic April in terms of total day viewership, the highest April since 2012. We still expect to generate over $8 billion in free cash flow this fiscal year and the shareholder return goals we've previously spoken about are also still very much on track. For Primetime viewership, it was ESPN's highest April on record.
In 2023, our total shareholder return was 33%, and we increased our quarterly dividend by 8%. We expect this growth and more stable cash flow to support our valuation going forward and contribute to attractive total shareholder returns. We expect to return in excess of 50% of our growing operating cash flow to shareholders.
Barrick's holistic approach to our business encompasses managing the many mine closure liabilities we have accumulated along the way. We are methodically moving to nonoperating tailings storage facilities, with the largest liabilities to safe closure. And that's also key to reducing our liabilities while we mine.
For the full-year 2023, we generated revenue above $500 million for the first time in Pro Labs' 25-year history while delivering improved earnings, robust cash flow, and returning substantial capital to shareholders. Finally, in 2023, we drove shareholder value through improved profitability and returning capital to shareholders.
We're pleased to report another quarter of strong financial and operating results, and we continue to execute on our strategic priorities to increase shareholder value. Our achievements to date have enabled us to make significant progress toward the commitments we made to shareholders a year ago at Investor Day. We returned $6.7
EOG is off to a great start in 2024, both delivering value directly to our shareholders and investing in future value creation. Our robust cash return to shareholders continues to demonstrate our confidence in the outlook and value of our business. Ezra Yacob -- Chairman and Chief Executive Officer Thanks, Pearce.
In addition, we will create efficiencies and synergies that will benefit shareholders as we consolidate the two companies. When Jim joined us as our Chief Financial Officer in 2012. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
His annual letter to Berkshire Hathaway’s shareholders relies heavily on plain language. For example, “A number of good things happened last year, but let’s first get the bad news out of the way,” he says on page 3 of his 2012shareholder letter (PDF). ” That’s not justified.
Successful execution of these goals should also result in multiple expansion for our shareholders. On our earnings calls earlier this year, we discussed with our shareholders our visibility to a strong pipeline. We are better positioned than ever to serve our clients and to deliver growth for our shareholders in the years to come.
We also delivered significant capital return to shareholders, raising our dividend by 15% and completing $900 million of share repurchases. However, we also recognize that returning capital to shareholders delivers meaningful value over time. Global Financial and Professional liability rates were down 6%, while cyber decreased 7%.
I remain highly confident in our strategy and optimistic about our future and the ability to drive long-term value for shareholders. Brands are our best opportunity to drive faster growth, higher margin, and stronger returns, and is the most effective way to generate long-term shareholder value. We will now move to your questions.
We continued to progress our strategic priorities and we returned significant cash to our shareholders. The expected proceeds will support our strategic priorities, including returns to shareholders. We're committed to return over 50% of our operating cash flows to shareholders. billion to shareholders through $1.2
In our on-premises server business, revenue increased 2%, ahead of expectations, driven primarily by demand in advance of Windows Server 2012 end of support. billion to shareholders through share repurchases and dividends. Our effective tax rate was approximately 18%. And finally, we returned $9.1 dollar basis.
These rate cases reflect our continued commitment to invest in our utilities for the benefit of our customers and shareholders alike. We believe that the decisions we've made are the right actions to simplify the business and better position the company for long-term profitable growth and focused value creation for shareholders.
Global financial and professional liability rates were down 7%, while cyber decreased 6%. I'm grateful to our colleagues for their focus and determination and the value they deliver to our clients, shareholders, and communities. liability market. However, global casualty rates increased 6% with U.S.
We have now bought back more than 50 million MSCI shares since 2012 at an average price of $122 per share for a total consideration of roughly $6.1 Year in and year out, we are obsessively focused on creating value for our shareholders. All of this enables us to drive compounding growth and profitability for shareholders.
This is my 12th year since we launched Toast in my basement with Steve Forde and Jonathan Grimm back in 2012. This includes prioritizing organic investments in areas we have signal and conviction that we can grow, looking at M&A if we see the right opportunities and returning capital to our shareholders.
Now, it doesn't include things like capital expenditures, acquisitions, increases or decreases in debt, other long-term liabilities. Go five years forward, 2012, Amazon's net income was negative. I've been a longtime Amazon shareholder, not nearly as long as David. It doesn't include dividend payments or share repurchases.
When French company Alstom acquired the rail business in 2021, the Caisse became Alstom’s largest shareholder. In the summer of 2012, Montreal engineering firm Genivar, which had been rolling up rivals in Canada, offered $442 million to buy British-based WSP, hoping to gain a foothold in international markets. Why not do both?
billion to shareholders through share repurchases and dividends. We remain committed to operating excellence and continue to focus on our strategic priorities to create value and return cash to shareholders. billion to shareholders through share repurchases and dividends. billion to shareholders through $1.3
If you look at the data from the Federal Reserve Bank of New York, the 30-day delinquency rate on credit cards was up to 7.2%, that's the highest level since 2012. I'm happy to see it because I'm a shareholder. I'm happy like you, I'm not a shareholder, but I did recommend this in my augmented reality service a number of years ago.
But if you're deploying capital inside of your forward AFFO yield, it's not going to work and it's going to drive no shareholder accretion on an AFFO per share basis. And so, we're not going to be out there collecting nuts, growing our denominator, not driving per share value and per share growth for our shareholders.
The second item I wanted to cover is an update on our plans for the return of capital to shareholders. In the nine-year period from 2012 to 2020, we returned over $22 billion of capital to Las Vegas Sands shareholders in the form of dividends and repurchases, which was split roughly 80% dividends and 20% to share repurchases.
Our commitment to outstanding service resulted in our highest-ever member experience score since CMS launched the Quality Bonus Star program in 2012. During the quarter, we returned $837 million to shareholders through our quarterly dividend and we ended the quarter with approximately $1.2 times, which is above our long-term target.
Our cash position always decreases in the first quarter as we pay company bonuses, repurchase shares connected to employee stock vesting events, and settle our tax liabilities. That is what has made W&D such an exceptional company to invest in, and we'll continue to generate shareholder returns going forward.
We continue to expect that we'll be in a position to complete the acquisition late this year or early next year subject to regulatory and shareholder approval. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has a disclosure policy.
Back in March, Six Flags shareholders overwhelmingly approved the merger-of-equals transaction, which we continue to believe will be completed before the end of the second quarter. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. So we're seeing that.
Third, our healthy balance sheet and strong cash flows enable us to execute on our select growth priorities while maintaining a balanced capital allocation strategy that continues to return cash to our shareholders through dividends and share repurchases. times, which is slightly above our targeted range of 0.9
Our strong cash flow has enabled us to return excess capital to shareholders. I think what you've seen over the last call it ten years and in my case longer than that I've been in this industry now since 2012. And then you know we are in the fortunate position of being able to return capital back to our shareholders.
MSCI has repurchased close to 50 million shares, or nearly 40% of our total shares outstanding, from the end of 2012, and we intend to keep the same focus and discipline. I'm confident that by staying focused and disciplined in our operations and financial management, MSCI will be able to deliver for our clients and our shareholders.
In addition, we returned $215 million to our shareholders through the payment of dividends and paid $8 million to retire debt and finance lease obligations. I mean we've got the retro component in there with the flight attendants but presumably, a weaker demand outlook suggests some pressure on the air traffic liability. Any thoughts?
First as a board member and since 2012 as a public management team. So in Mexico, I think your shareholder letter cited you grew very strongly there, which is interesting because I think Temu only recently entered the country, is also seeing some strong adoption. I am Martin de los Santos, MercadoLibre's CFO.
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