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Short Take: HP announces additional stock buyback

The board of directors of Hewlett-Packard have authorized the expenditure of an additional $1 billion for the ongoing repurchase of HP shares on the open market. The board also declared a regular quarterly dividend of 14 cents per share on the company's common stock. About $500 million remains from earlier buyback authorizations, bringing the new total to approximately $1.5 billion.

The board of directors of Hewlett-Packard have authorized the expenditure of an additional $1 billion for the ongoing repurchase of HP shares on the open market. The board also declared a regular quarterly dividend of 14 cents per share on the company's common stock. About $500 million remains from earlier buyback authorizations, bringing the new total to approximately $1.5 billion.