Splits, dividend moves, buybacks and structural changes on file for VST, and what each one says about how management treats you, the shareholder.
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Management postureConsistently shareholder-friendly
The annual dividend rose in every one of the 6 complete years our record covers, never cut, alongside active buybacks. That is a durable capital-return posture that favours long-term holders. The thing to watch is buyback price discipline, not distress.
Sep 21, 2026ex-dateDividendDividend held flat $0.23 · 0.7% yield/yr Neutral▸
Jun 22, 2026ex-dateDividendDividend held flat $0.229 · 0.6% yield/yr Neutral▸
Mar 20, 2026ex-dateDividendDividend held flat $0.228 · 0.5% yield/yr Neutral▸
Dec 31, 2025FYBuybackShare repurchases $1.0B (FY25) $1.0B Favorable▸
Dec 22, 2025ex-dateDividendDividend held flat $0.227 · 0.6% yield/yr Neutral▸
Sep 19, 2025ex-dateDividendDividend held flat $0.226 · 0.4% yield/yr Neutral▸
Jun 18, 2025ex-dateDividendDividend held flat $0.225 · 0.5% yield/yr Neutral▸
Mar 20, 2025ex-dateDividendDividend held flat $0.2235 · 0.7% yield/yr Neutral▸
Dec 31, 2024FYBuybackShare repurchases $1.3B (FY24) $1.3B Favorable▸
Dec 20, 2024ex-dateDividendDividend held flat $0.2215 · 0.6% yield/yr Neutral▸
Sep 20, 2024ex-dateDividendDividend held flat $0.2195 · 0.9% yield/yr Neutral▸
Jun 18, 2024ex-dateDividendDividend held flat $0.2175 · 1.0% yield/yr Neutral▸
Mar 19, 2024ex-dateDividendDividend held flat $0.215 · 1.4% yield/yr Neutral▸
Dec 31, 2023FYBuybackShare repurchases $1.2B (FY23) $1.2B Favorable▸
Dec 19, 2023ex-dateDividendDividend increase +3.4% +3.4% · 2.3% yield/yr Favorable▸
Sep 19, 2023ex-dateDividendDividend held flat $0.206 · 2.5% yield/yr Neutral▸
Jun 20, 2023ex-dateDividendDividend increase +3.3% +3.3% · 3.3% yield/yr Favorable▸
Mar 21, 2023ex-dateDividendDividend increase +2.3% +2.3% · 3.1% yield/yr Favorable▸
Dec 31, 2022FYBuybackShare repurchases $1.9B (FY22) $1.9B Favorable▸
Dec 19, 2022ex-dateDividendDividend increase +4.9% +4.9% · 3.2% yield/yr Favorable▸
Sep 20, 2022ex-dateDividendDividend increase +4.0% +4.0% · 2.9% yield/yr Favorable▸
Jun 21, 2022ex-dateDividendDividend increase +4.1% +4.1% · 3.2% yield/yr Favorable▸
Mar 21, 2022ex-dateDividendDividend increase +13.3% +13.3% · 3.0% yield/yr Favorable▸
Dec 31, 2021FYBuybackShare repurchases $471M (FY21) $471M Favorable▸
Dec 15, 2021ex-dateDividendDividend held flat $0.15 · 2.9% yield/yr Neutral▸
Sep 15, 2021ex-dateDividendDividend held flat $0.15 · 3.3% yield/yr Neutral▸
Jun 15, 2021ex-dateDividendDividend held flat $0.15 · 3.3% yield/yr Neutral▸
Mar 16, 2021ex-dateDividendDividend increase +11.1% +11.1% · 3.2% yield/yr Favorable▸
Dec 15, 2020ex-dateDividendDividend held flat $0.135 · 3.0% yield/yr Neutral▸
Sep 15, 2020ex-dateDividendDividend held flat $0.135 · 2.9% yield/yr Neutral▸
Jun 15, 2020ex-dateDividendDividend held flat $0.135 · 2.7% yield/yr Neutral▸
Mar 16, 2020ex-dateDividendDividend increase +8.0% +8.0% · 3.5% yield/yr Favorable▸
Dec 31, 2019FYBuybackShare repurchases $656M (FY19) $656M Favorable▸
Dec 13, 2019ex-dateDividendDividend held flat $0.125 · 2.1% yield/yr Neutral▸
Sep 13, 2019ex-dateDividendDividend held flat $0.125 · 1.9% yield/yr Neutral▸
Jun 13, 2019ex-dateDividendDividend held flat $0.125 · 2.1% yield/yr Neutral▸
Mar 14, 2019ex-dateDividendDividend initiation $0.125 · 0.5% yield/pay Favorable▸
Dec 31, 2018FYBuybackShare repurchases $763M (FY18) $763M Favorable▸
Reads are Tenet's plain-English interpretation of each action type, a starting point, not investment advice.
