CRH CEO Says Going To Give About $10B Of Forecast $35B Free Cash Flow Over Next Five Years To Shareholders Via Dividends, Buybacks
Portfolio Pulse from Benzinga Newsdesk
CRH's CEO announced that the company plans to distribute about $10 billion of its forecasted $35 billion free cash flow over the next five years to shareholders via dividends and buybacks.
September 25, 2023 | 5:15 pm
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POSITIVE IMPACT
CRH's plan to return $10 billion to shareholders through dividends and buybacks could potentially increase the attractiveness of its stock.
CRH's announcement of returning a significant portion of its free cash flow to shareholders is a positive signal. It shows the company's confidence in its financial stability and profitability. This move could attract more investors, potentially driving up the stock price in the short term.
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