Merchants Bancshares (MBVT) Extends Stock Buyback Plan
MBVT Hot Sheet
Dividend Yield: 4.2%
Merchants Bancshares, Inc. (NASDAQ: MBVT) announced the extension, through January 2013, of its stock buyback program, originally adopted in January 2007. Under the program Merchants may repurchase 200,000 shares of its common stock on the open market from time to time, and had purchased 143,475 shares to date.
Although Merchants did not repurchase any of its shares during the fourth quarter of 2011, and does not expect to repurchase shares in the near future, Merchants wanted to preserve the flexibility of an active buyback program.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Although Merchants did not repurchase any of its shares during the fourth quarter of 2011, and does not expect to repurchase shares in the near future, Merchants wanted to preserve the flexibility of an active buyback program.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Merchants Bank Recognized as One of the Top Performing Banks in America
- Big Lots (BIG) Approves $200M Buyback
- White Mountains (WTM) Approves Additional 1M Common Buyback
Create E-mail Alert Related Categories
Stock BuybacksRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
