Griffon Raised Share Buyback Authorization To $200M, Resulting In Total Remaining Buyback Authorization To $262M
Portfolio Pulse from Benzinga Newsdesk
Griffon Corporation has increased its share buyback authorization to $200 million, bringing the total remaining buyback authorization to $262 million.
November 15, 2023 | 1:10 pm
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Griffon Corporation has expanded its share repurchase program by $200 million, resulting in a total of $262 million available for buybacks.
The increase in share buyback authorization typically signals a company's confidence in its financial stability and often leads to a positive short-term impact on the stock price as it can reduce the number of shares outstanding, potentially increasing earnings per share.
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