ChampionX Corporation (CHX) has released an update.
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On February 5, 2024, a company expanded its share repurchase program by $750 million, bringing the total to $1.5 billion, effective immediately. The repurchases are based on various economic and company-specific factors and can be adjusted or stopped without notice. Additionally, the Board raised the quarterly cash dividend to $0.095 per share, with the next payment scheduled for April 26, 2024, to shareholders recorded on April 5, 2024. Future dividends will depend on the Board’s assessment and legal compliance, with the possibility of suspension or cancellation.
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For a comprehensive understanding of the announcement, you can read the full document here.
