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Altera Initiates a Dividend

Stock quotes in this article: ALTR  

Altera(ALTR Quote) will initiate a quarterly dividend and step up its share buybacks, the company announced Wednesday.

The San Jose, Calif., maker of programmable logic chips said it would pay a 4-cent quarterly dividend on June 1 to shareholders of record on May 10.

The company's board also increased the number of shares authorized for buybacks under the company's share repurchase program by 50 million shares. ...

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