Perdoceo Education Plans New Stock Repurchase Program Commencing March 1, 2024 For Up To $50M Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Perdoceo Education has announced a new stock repurchase program starting March 1, 2024, to buy back up to $50M of its common stock, replacing the existing program expiring on September 30, 2024. The new program will expire on September 30, 2025.

February 21, 2024 | 9:27 pm
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Perdoceo Education's new stock repurchase program aims to buy back up to $50M of its common stock, starting March 1, 2024, and expiring on September 30, 2025.
Stock repurchase programs often signal a company's confidence in its future prospects and can lead to a reduction in the number of shares outstanding, potentially increasing the value of remaining shares. This announcement could be seen positively by investors, likely leading to a short-term positive impact on PRDO's stock price.
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