RTX Announces $10B Accelerated Share-Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
RTX has announced a $10 billion accelerated share repurchase program, indicating a strong investment opportunity. The company is also increasing its capital return commitment through 2025 to $36 - $37 billion.
October 24, 2023 | 11:04 am
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RTX's announcement of a $10 billion share repurchase program and increased capital return commitment indicates a strong investment opportunity, which may positively impact the stock price.
Share repurchase programs are typically seen as a sign of a company's confidence in its own stock, often leading to a rise in stock price as it indicates the company believes its shares are undervalued. The increased capital return commitment also signals strong financial health and future prospects, which can attract investors and further drive up the stock price.
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