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Walker & Dunlop initiates dividend, starts $50M buyback plan

Walker & Dunlop Inc.'s board has initiated a quarterly dividend of 25 cents per share.

The dividend is payable March 7 to stockholders of record as of Feb. 23. The company expects to be able to raise the dividend over time.

The company's board also authorized the repurchase of up to $50.0 million of the company's outstanding common stock over a one-year period.

Walker & Dunlop also reported fourth-quarter 2017 net income attributable to the company of $99.0 million, or $3.06 per share, compared to $36.8 million, or $1.16 per share, in the year-ago quarter.