TransUnion adopts dividend policy
Management said, "Today we announce that our Board of Directors has approved a dividend policy pursuant to which we intend to pay quarterly cash dividends on our common stock with a targeted annual payout of 10% to 15% of Adjusted Diluted Earnings per Share, which equates to approximately $0.30 per share based on the mid-point of the annual guidance above. We expect to commence paying dividends pursuant to this policy in the second quarter of 2018. Dividends will be subject to the approval of the Board of Directors at the times they are declared. Our Board of Directors has also removed the three-year time limitation of our previously announced $300 million stock repurchase program. The remaining authorized $167 million of repurchases may be made from time to time at management's discretion at prices management considers to be attractive through open market purchases or through privately negotiated transactions, subject to availability. Please see our Form 8-K filed with the SEC on February 13, 2018 for additional details."