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DOLBY LABORATORIES, INC.

(DLB)
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DOLBY LABORATORIES, INC. : Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits (form 8-K)

07/29/2021 | 04:19pm EDT

Item 2.02. Results of Operations and Financial Condition.

The following information is intended to be furnished under Item 2.02 of Form 8-K, "Results of Operations and Financial Condition." This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On July 29, 2021, Dolby Laboratories, Inc. (the "Company") issued a press release announcing its financial results for its fiscal quarter ended June 25, 2021. The full text of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.


Item 8.01. Other Events.

Declaration of Dividend

On July 29, 2021, the Company announced a cash dividend of $0.22 per share of Class A and Class B Common Stock, payable on August 19, 2021 to stockholders of record as of the close of business on August 11, 2021.

Increase in Share Repurchase Authorization

On July 29, 2021, the Company also announced that its Board of Directors approved increasing the size of its stock repurchase program by $350 million, bringing the amount available for future repurchases of the Company's Class A Common Stock to approximately $387 million. Stock repurchases under this program may be made through open market transactions, negotiated purchases or otherwise, at times and in such amounts as the Company considers appropriate. The timing of repurchases and the number of shares repurchased will depend on a variety of factors including price, the rate of dilution from the Company's equity compensation programs, regulatory requirements, and other market conditions. The Company may limit, suspend, or terminate the stock repurchase program at any time without prior notice. Any shares repurchased under the program will be returned to the status of authorized, but unissued shares of Class A Common Stock.

Disclosure Channels to Disseminate Information

The Company disseminates information to the public about the Company, its products, services and other matters through various channels, including the Company's website (www.dolby.com), investor relations website (http://investor.dolby.com), SEC filings, press releases, public conference calls and webcasts, in order to achieve broad, non-exclusionary distribution of information to the public. The Company encourages investors and others to review the information it makes public through these channels, as such information could be deemed to be material information.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.    Description

  99.1           Press Release of Dolby Laboratories, Inc. dated July 29, 2021
104            Cover Page Interactive Data File (embedded within the Inline XBRL
               document)

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 1 296 M - -
Net income 2021 301 M - -
Net cash 2021 1 325 M - -
P/E ratio 2021 31,8x
Yield 2021 0,95%
Capitalization 9 375 M 9 375 M -
EV / Sales 2021 6,21x
EV / Sales 2022 5,69x
Nbr of Employees 2 289
Free-Float 63,1%
Chart DOLBY LABORATORIES, INC.
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Dolby Laboratories, Inc. Technical Analysis Chart | DLB | US25659T1079 | MarketScreener
Technical analysis trends DOLBY LABORATORIES, INC.
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Mean consensus BUY
Number of Analysts 4
Last Close Price 92,47 $
Average target price 118,33 $
Spread / Average Target 28,0%
EPS Revisions
Managers and Directors
Kevin J. Yeaman President, Chief Executive Officer & Director
Lewis Chew Chief Financial Officer & Executive Vice President
Peter C. Gotcher Chairman
Steven E. Forshay Senior Vice President-Advanced Technology Group
Sanford R. Robertson Independent Director
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