Kelly Announces Share Repurchase Authorization
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Kelly has announced a share repurchase program authorized by its board to buy back up to $50 million of its Class A common stock, with the authorization expiring on December 2, 2026.
December 03, 2024 | 12:45 pm
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Kelly's board has approved a $50 million share repurchase program for its Class A common stock, potentially boosting stock value.
Share repurchase programs often lead to an increase in stock price as they reduce the number of shares outstanding, increasing earnings per share. This can signal management's confidence in the company's future performance.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90