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Quest increases repurchase authority by $1B, announces dividend

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Madison-based Quest Diagnostics announced Tuesday its board has increased stock repurchase authority by $1 billion, bringing total authorization to about $1.3 billion.

According to an announcement, the company will also issue a cash dividend of 30 cents per share, payable on Oct. 16, to shareholders of record of Quest common stock on Oct. 1.

Digital content editor Joe Ross is @joeross on Twitter.

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