ADM announced that its board of directors authorized an extension of ADM‘s share repurchase program. “The original 5-year program authorized the purchase of 100,000,000 shares of ADM stock in between Jan. 1, 2015, and Dec. 31, 2019. In 2019, the program was extended through Dec. 31, 2024 and increased to 200,000,000 shares. The program has now been extended an additional five years, and the Board also authorized repurchases of up to an additional 100,000,000 shares under the extended program. The share repurchase program now authorizes the purchase of 300,000,000 shares through Dec. 31, 2029,” the company stated.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADM:
- Archer Daniels resumed with an Equal Weight at Stephens
- Archer Daniels price target lowered to $51 from $53 at BMO Capital
- Archer Daniels price target raised to $55 from $51 at Citi
- Archer Daniels price target lowered to $56 from $60 at Barclays
- Biden admin won’t finalize clean fuel guidance before exit, Reuters reports