New York Times announces $350M share repurchase program, dividend increase

The board of directors approved a $350M Class A share repurchase program in addition to the amount remaining under the 2023 authorization. The company’s board of directors also declared an 18c dividend per share on the company’s Class A and Class B common stock, an increase of 5c from the previous quarter. The dividend is payable on April 17 to shareholders of record as of the close of business on April 1.

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