Vontier Vaults on Additions to Board
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Vontier Corporation (NYSE: VNT) announced an increase in its share repurchase authorization to $1.0 billion, effective May 19, up from the previous $500 million. The company has repurchased $105 million year-to-date and plans to use most of its adjusted free cash flow for further repurchases. Additionally, a quarterly cash dividend of $0.025 per share was declared, payable on June 25. VNT shares rose by 2.4% to $28.60.
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