Mobile Infrastructure Plans $10M Share Buyback Program To Opportunistically And Accretively Deploy Capital
Portfolio Pulse from Benzinga Newsdesk
Mobile Infrastructure Corporation has announced a $10 million share buyback program. This move is aimed at deploying capital opportunistically and accretively, potentially enhancing shareholder value.
September 11, 2024 | 8:07 pm
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POSITIVE IMPACT
Mobile Infrastructure Corporation's $10 million share buyback program is expected to positively impact its stock price by reducing the number of shares outstanding, potentially increasing earnings per share and shareholder value.
The share buyback program will reduce the number of shares outstanding, which can lead to an increase in earnings per share (EPS) and potentially boost the stock price. This is a strategic move to deploy capital in a way that could enhance shareholder value.
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IMPORTANCE 80
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