© Reuters. 4 Companies That Announced Share Repurchase Plans Today
By Davit Kirakosyan
Johnson & Johnson (NYSE:) made an announcement today, according to which its board of directors has authorized the repurchase of up to $5 billion of the company’s common stock. According to Joaquin Duato, CEO of Johnson & Johnson, the company has the ability to invest in innovation, grow its dividend, execute strategic acquisitions, and take this action to deliver shareholder returns and drive long-term growth, given its strong cash flow and the lowest level of net debt in five years.
Choice Hotels International, Inc. (NYSE:) announced its board of directors has approved an additional 5 million shares authorized under its share repurchase program, bringing the total authorization to approximately 6.7 million shares.
Comcast Corporation’s (NASDAQ:) board of directors has increased its share repurchase program authorization to a total of $20 billion.
Eneti Inc (NYSE:) announced today that its board of directors authorized the repurchase of up to $50 million of the company’s common stock, which replaces its previous share repurchase program that was authorized in January 2019 and that was terminated in conjunction with the authorization of the new share repurchase program.
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