Nutrien Board Approves Purchase Of Up To 5% Of Its Issued And Outstanding Common Shares Over 12-Month Period Through Normal Course Issuer Bid
Portfolio Pulse from Benzinga Newsdesk
Nutrien's board has authorized the repurchase of up to 5% of its outstanding common shares over the next 12 months through a Normal Course Issuer Bid.
February 21, 2024 | 10:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nutrien has announced a share repurchase program, planning to buy back up to 5% of its outstanding shares over the next 12 months.
Share repurchase programs often lead to a positive market reaction as they can indicate that the company believes its stock is undervalued. This can also improve financial ratios per share, potentially making the stock more attractive to investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100