$AOL Pops on Announcing a Special Dividend and a $600 Million Buyback Program

“AOL Inc. (AOL) announced a $600 million accelerated stock buyback agreement and a special cash dividend of $5.15 a share, the final steps in returning about $1.1 billion to shareholders.

The Internet company will purchase $600 million worth of common stock under an agreement with Barclays Plc, according to a statement today. The one-time dividend will be payable Dec. 14, New York-based AOL said.

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