Kenvue's Board Has Authorized Share Repurchase Program To Repurchase Up To 27M Shares. Program Has No Expiration Date
Portfolio Pulse from Benzinga Newsdesk
Kenvue's Board of Directors has authorized a share repurchase program, allowing the company to repurchase up to 27 million shares of its outstanding common stock. The program has no expiration date and aims to offset dilution from the vesting or exercise of equity awards under Kenvue's equity incentive plan.
October 26, 2023 | 10:34 am
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Kenvue's new share repurchase program could potentially increase the value of its outstanding shares by reducing their number.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock, and can lead to an increase in the stock's price as the number of shares in circulation decreases. This could potentially increase the value of Kenvue's outstanding shares.
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