Visteon (VC) Adds $200M to Buyback Plan
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Price: $103.54 -2.85%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.3%
EPS Growth %: -7.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.3%
EPS Growth %: -7.5%
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Visteon Corporation (NYSE: VC) today announced that the company's board of directors has reauthorized the company's current $100 million share repurchase program and increased the repurchase amount to include an additional $200 million worth of its common shares over the next two years.
This action creates a total of $250 million available with which to repurchase shares, as the company has already repurchased $50 million worth of its common shares since the initial share repurchase program was authorized in August 2012. This creates a total share repurchase program of $300 million.
This action creates a total of $250 million available with which to repurchase shares, as the company has already repurchased $50 million worth of its common shares since the initial share repurchase program was authorized in August 2012. This creates a total share repurchase program of $300 million.
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