Home Depot Announces $15B Share Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
Home Depot's board of directors has authorized a new $15 billion share repurchase program, effective from August 15, 2023. This program replaces the previous authorization.
August 15, 2023 | 10:01 am
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Home Depot's new $15 billion share repurchase program could potentially increase the company's stock price by reducing the number of shares in circulation.
Share repurchase programs are typically seen as a positive signal by the market, as they reduce the number of shares in circulation, potentially increasing the price per share. However, the actual impact will depend on the market conditions and the company's execution of the program.
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