Reported Late Tuesday, Liberty Energy Increased Share Repurchase Authorization To $750M And Declared Quarterly Cash Dividend Of $0.07/Share, Payable March 20, 2024
Portfolio Pulse from Benzinga Newsdesk
Liberty Energy Inc. (LBRT) has increased its share repurchase authorization to $750 million, up from the previous $500 million, and extended the program through July 31, 2026. The company has repurchased 21.9 million shares for approximately $328 million to date. Additionally, Liberty Energy declared a quarterly cash dividend of $0.07 per share, payable on March 20, 2024, to shareholders of record as of March 6, 2024.
January 24, 2024 | 6:30 am
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Liberty Energy Inc. has expanded its share repurchase program and declared a quarterly dividend, signaling confidence in its financial position and commitment to returning value to shareholders.
The increase in the share repurchase authorization and the declaration of a quarterly dividend are typically viewed as positive signals by the market, indicating that the company is confident in its financial health and committed to delivering shareholder value. This can lead to increased investor confidence and potentially a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100