CA up 15% Pre-Market on New Capital Allocation Plan

CA, Inc. CA is trading significantly higher this morning following its dividend increase and stock buyback announcement yesterday. The company said it will boost its dividend by 80 percent and increase its repurchase authorization to $1.5 billion Chief Executive Officer of CA Technologies, Bill McCracken stated: "Today's announcement is an extension of the strategic and operational priorities we outlined last summer to build long-term value for shareholders. Our third quarter performance and positive operating momentum reinforce our belief that we have the right strategic plan in place. Our clear priorities are to continue to improve operating performance, return capital to shareholders and maintain a strong and efficient balance sheet." CA, Inc. is currently trading at $26.30, up $3.48 or 15.25%.