ADT Corp. authorized a $2 billion share repurchase program and initiated a quarterly dividend after investors George Soros and hedge-fund manager Keith Meister called on the home-security company to buy back stock.

The quarterly dividend will amount to 12.5 cents a share, payable Dec. 18 to shareholders of record on Dec. 10, the Boca Raton, Florida-based company said in a statement today. The buyback will end in November 2015.

In October, billionaire Soros joined Meister in urging ADT to buy back about 45 percent of its stock with borrowed money to take advantage of low interest rates. At the time, they were the biggest investors in the company following its spinoff from Tyco International Ltd. in September.

ADT today reported adjusted earnings per share of 43 cents in the fourth quarter ended Sept. 28, matching the average analyst estimate. Recurring revenue rose 5.2 percent to $742 million.

The company has more than 6 million customers in the U.S. and Canada, providing security to homes and businesses with products including the ADT Pulse system. The company today predicted that recurring revenue will grow by 4.9 percent to 5.2 percent in the current fiscal year.

“We delivered solid recurring revenue growth fueled by the continued success of Pulse in the residential and small business security markets,” Chief Executive Officer Naren Gursahaney said in the statement.

ADT forecast a cash tax rate of 3 percent to 4 percent in 2013, down from 5 percent a year earlier, as the company applies a loss carry-forward balance. From 2014 to 2019, the expected cash tax rate is 5 percent to 8 percent before rising to 25 percent to 30 percent in 2021 to 2022, the company said in an earnings slide presentation on its website.

The shares rose 3 percent to $44.39 at 9:52 a.m. New York time after increasing to an intraday record of $45.