tiprankstipranks
Loblaw Initiates Share Buyback Plan
Company Announcements

Loblaw Initiates Share Buyback Plan

Loblaw Companies (TSE:L) has released an update.

Pick the best stocks and maximize your portfolio:

Loblaw Companies Limited has announced the initiation of an automatic share purchase plan to facilitate the buyback of its common shares under its normal course issuer bid, which allows for the repurchase of up to 5% of its outstanding shares over the next year. The plan enables the company’s broker to buy shares during periods when Loblaw is not active in the market, such as insider trading blackouts. This strategic move underscores Loblaw’s standing as a major player in the Canadian retail sector, employing over 220,000 people.

For further insights into TSE:L stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskLoblaw Introduces New Healthcare Committee
TheFlyLoblaw initiated with a Buy at UBS
TipRanks Canadian Auto-Generated NewsdeskLoblaw Completes $400 Million Note Issuance
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App