National Fuel Reports New Share Repurchase Program Up To $200M Of Its Outstanding Common Stock
Portfolio Pulse from Benzinga Newsdesk
National Fuel (NFG) has announced a new share repurchase program, authorizing the repurchase of up to $200M of its outstanding common stock with a target completion by the end of fiscal 2025.
March 11, 2024 | 10:52 am
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National Fuel has initiated a share repurchase program of up to $200M, aiming to complete it by the end of fiscal 2025.
Share repurchase programs often lead to a positive market reaction as they can indicate that a company believes its stock is undervalued. By reducing the number of shares outstanding, EPS may increase, potentially making the stock more attractive to investors.
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