Kenon Authorized An Increase In Its Share Repurchase Plan By $10M To Up To $60M (Including Shares Already Purchased Under The Plan), And Kenon Has Entered Into A Mandate For Repurchases Under The Plan Of Up To $30M Through March 31, 2025
Portfolio Pulse from Benzinga Newsdesk
Kenon has increased its share repurchase plan by $10 million, bringing the total to $60 million. The company has repurchased 1.1 million shares for $28 million and plans further repurchases of up to $30 million through March 2025.
September 09, 2024 | 1:27 pm
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Kenon has increased its share repurchase plan by $10 million, now totaling $60 million. The company has already repurchased 1.1 million shares for $28 million and plans additional repurchases of up to $30 million through March 2025.
The increase in the share repurchase plan indicates Kenon's confidence in its financial health and can lead to a positive impact on the stock price as it reduces the number of shares outstanding, potentially increasing earnings per share.
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