Aegon Reports Planned New € 200M Share Buyback Program, Expected To Be Completed By The End Of 2024
Portfolio Pulse from Benzinga Newsdesk
Aegon has announced a new €200 million share buyback program, which is expected to be completed by the end of 2024.
May 16, 2024 | 9:35 am
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Aegon has announced a €200 million share buyback program, which is expected to be completed by the end of 2024. This move is likely to positively impact the stock price in the short term as buybacks generally reduce the number of shares outstanding, potentially increasing earnings per share.
Share buyback programs typically reduce the number of shares outstanding, which can increase earnings per share and often lead to a higher stock price. The announcement of a €200 million buyback program by Aegon is likely to be viewed positively by investors, leading to a short-term increase in the stock price.
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