Pembina Pipeline Reports Renewal Of Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Pembina Pipeline has announced the renewal of its share repurchase program, approved by the Toronto Stock Exchange, allowing the company to buy back up to five percent of its issued and outstanding common shares.

May 13, 2024 | 10:04 pm
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The renewal of Pembina Pipeline's share repurchase program could lead to a reduction in the number of shares outstanding, potentially increasing the value of remaining shares.
Share repurchase programs are generally viewed positively by the market as they can increase earnings per share and are often seen as a sign of the management's confidence in the company's financial health. For Pembina Pipeline, this move could lead to a short-term positive impact on its stock price as it may reduce the supply of shares and signal confidence to investors.
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