By Josh Beckerman

EBay Inc. (EBAY) said it returned $1.1 billion to shareholders in the fourth quarter, raised its dividend to 16 cents from 14 cents, and expanded its repurchase authorization by $5 billion.

The company reported Tuesday that fourth-quarter adjusted earnings rose to 81 cents a share from 71 cents.

Shares fell 4.6% after hours to $34.55.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

January 28, 2020 17:06 ET (22:06 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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