Pembina Pipeline Corp. (TSE:PPL) has released an update.
Pembina Pipeline Corporation has announced the renewal of its share repurchase program, with the Toronto Stock Exchange approving the buyback of up to five percent of its outstanding common shares. The program, allowing repurchases through various Canadian and U.S. trading platforms, aims to optimize the company’s financial resources when shares are undervalued. Pembina’s previous share buyback initiative saw the repurchase of over 1.1 million shares at an average price of $41.76 each, underlining its commitment to shareholder value.
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