Ball Corporation's Board Approves Repurchase Of Up To Total Of 40M Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Ball Corporation's Board has approved a new share repurchase program for up to 40 million shares, replacing all previous authorizations. Additionally, Mandy Glew was elected as senior vice president and president, EMEA. A cash dividend of 20 cents per share was declared, payable on June 17, 2024, to shareholders of record as of June 3, 2024.
April 24, 2024 | 8:59 pm
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Ball Corporation has initiated a new share repurchase program for up to 40 million shares and declared a cash dividend of 20 cents per share.
The announcement of a new share repurchase program typically signals a company's confidence in its financial health and future prospects, often leading to a positive short-term impact on its stock price. The declaration of a cash dividend further reinforces this positive outlook, as it reflects the company's commitment to returning value to shareholders. Both actions are likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
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