NewMarket Corporation Authorizes New Share Repurchase Program
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NewMarket Corporation has authorized a new share repurchase program, allowing the company to buy back up to $500 million of its common stock by the end of 2027. This replaces the previous $500 million program.
December 12, 2024 | 10:15 pm
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NewMarket Corporation has authorized a new share repurchase program of up to $500 million, replacing the previous program. This could positively impact the stock price as it indicates confidence in the company's financial health.
Share repurchase programs often lead to a positive impact on stock prices as they reduce the number of shares outstanding, potentially increasing earnings per share and indicating management's confidence in the company's financial health.
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