Zions authorized up to $72 million in fourth-quarter repurchases, within a $300 million annual target. It declared a $0.48 quarterly common dividend and regular Series A preferred dividends, returning cash to shareholders, though the repurchases are not reported as completed.
The dividend pays shareholders directly, and the authorization sets aside room for more share repurchases. This supports Zions' shares, but the company has not said it completed those purchases.
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