Ready Capital Corporation Announces New Share Repurchase Program
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Ready Capital Corporation has announced a new stock repurchase program, authorizing the buyback of up to $150 million of its common stock. This move is aimed at potentially increasing shareholder value.
January 16, 2025 | 9:30 pm
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Ready Capital Corporation has initiated a stock repurchase program to buy back up to $150 million of its common stock. This could lead to an increase in stock price as it signals confidence in the company's value and aims to enhance shareholder value.
Stock repurchase programs often lead to a short-term increase in stock prices as they reduce the number of shares available in the market, potentially increasing earnings per share and signaling management's confidence in the company's prospects.
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