Heartland Payment (HPY) Approves $50M Buyback Plan

Heartland Payment Systems®, Inc. (NYSE: HPY) has approved a new $50 million share repurchase program at its meeting on November 2.

Robert Carr, Chairman and Chief Executive Officer, said, “In October we completed the stock repurchase program approved by the Board of Directors in July of this year, raising the total amount of stock repurchased over the past 12 months to $100 million. This new program once again reaffirms our commitment to use our strong cash flow to reward our shareholders.”

This open-ended program is effective immediately. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice.

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