Juniper NetworksNYSE
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    | Tue, Nov. 29, 2:35 PM
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  • Oct. 23, 2014, 5:40 PM
    • Juniper Networks (NYSE:JNPR) declares $0.10/share quarterly dividend, in line with previous.
    • Forward yield 1.97%
    • Payable Dec. 23; for shareholders of record Dec. 2; ex-div Nov. 28.
    | Oct. 23, 2014, 5:40 PM
  • Feb. 20, 2014, 4:53 PM
    • As promised, Juniper (JNPR) and new CEO Shaygan Kheradpir have rolled out an "Integrated Operating Plan" that checks off many items on Elliott Management and Jana Partners' wish lists.
    • Juniper will initiate a $0.10/share dividend in Q3 (current yield of 1.4%), and says it intends to grow its payout over time. The company also promises to spend $2B+ on buybacks through Q1 2015, and to create a new "One-Juniper" corporate structure that will yield $160M/year in opex savings by Q1 2015, and a 2015 op. margin of 25% (up 580 bps from 2013).
    • The company adds Kheradpir wants Juniper to "focus on the fastest growing networking segments." Details are light for now, but the comments could suggest lower investments in slow-growing security and corporate Ethernet switch markets where Juniper has struggled. McKinsey has been hired to help with Juniper's restructuring.
    • As part of buyback efforts, Juniper plans to enter into a $1.2B accelerated share repurchase agreement. Between dividends and buybacks, the company plans to return at least $3B over the next three years.
    • JNPR +1.6% AH. Some of the news was priced in.
    • Previous: Nokia reportedly eying Juniper
    | Feb. 20, 2014, 4:53 PM