Domino's Pizza Authorized Additional Stock Buyback Up To $1B
Portfolio Pulse from Benzinga Newsdesk
Domino's Pizza's Board of Directors authorized an additional $1 billion stock buyback program, increasing the total authorization for future share repurchases to $1.14 billion. This follows the repurchase and retirement of 167,572 shares for $58.2 million during Q4 2023.
February 26, 2024 | 11:14 am
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Domino's Pizza has significantly increased its stock buyback program by $1 billion, totaling $1.14 billion for future repurchases.
Stock buyback programs are generally viewed positively by the market as they can increase earnings per share and demonstrate confidence by management in the company's financial health. Domino's Pizza's substantial increase in its buyback program could lead to a positive short-term impact on its stock price, reflecting increased investor confidence and potential reduction in share supply.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100