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CM - Continental introduces dividend and launches $1B buyback - June 2019
Continental Resources launched an effort to woo back investors with a $1 billion stock buyback and a new quarterly dividend. It also said it would continue its multi-year program to reduce debt. The buyback will start before H2 and continue through 2020, with a “substantial portion” executed this year, Continental said, adding that it could prioritize further share repurchases in lieu of production growth. “This demonstrates the confidence we have in the quality and sustainability of our assets and our......
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