NRG Energy Board Increases Share Repurchase Authorization To $2.7B Through 2025
Portfolio Pulse from Benzinga Newsdesk
NRG Energy's Board of Directors has increased the share repurchase authorization from $1.0 billion to $2.7 billion through 2025. The company expects 7% to 9% long-term annual dividend per share growth.
June 22, 2023 | 11:37 am
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NRG Energy's share repurchase authorization increased to $2.7B through 2025, with expected 7-9% long-term annual dividend growth.
The increased share repurchase authorization signals the company's confidence in its financial position and future prospects. This move is likely to boost investor confidence and support the stock price in the short term. Additionally, the expected 7-9% long-term annual dividend growth indicates a positive outlook for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100