Boston Omaha Announces Adoption If $20M Common Stock Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Boston Omaha Corporation (NYSE:BOC) has announced a $20 million share repurchase program, effective from August 15, 2024, following the release of its quarterly report. The program will run through September 30, 2025.
July 25, 2024 | 8:44 pm
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Boston Omaha Corporation (NYSE:BOC) has announced a $20 million share repurchase program, which is expected to positively impact the stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, which can increase earnings per share and often lead to a higher stock price. The $20 million repurchase program indicates the company's confidence in its financial health and future prospects.
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