Victory Capital (VCTR) Holdings announced that its board of directors has approved a new common stock repurchase program authorizing the repurchase of up to $200M of its Common Stock through December 31, 2026. “This new repurchase program is the largest in our history and allows us to remain flexible and opportunistic with our capital,” said David Brown, Chairman and Chief Executive Officer. “As a growth company, our capital allocation strategy directly supports our strategy for increasing earnings and cash flow. In addition, with increasing cash flow, we can also reward shareholders by returning capital via share repurchases and dividends.” The company’s prior $100M stock repurchase authorization, approved in the fourth quarter of 2023, has been completed.
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