NACCO Board Approved Repurchase Program Of Up To $20M
Portfolio Pulse from Benzinga Newsdesk
The board of NACCO Industries, Inc. (NC) has approved a repurchase program of up to $20 million of the company's outstanding common shares.
November 07, 2023 | 10:51 pm
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POSITIVE IMPACT
NACCO Industries' new repurchase program could lead to a rise in the company's share price due to the reduction in the number of outstanding shares.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock. By reducing the number of outstanding shares, the earnings per share may increase, which could lead to a rise in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100