- Home services provider Frontdoor Inc’s FTDR board of directors has approved a new share repurchase program of up to $400 million of common stock.
- The company plans to fund the new three-year program using cash on hand and cash generated from operations.
- Frontdoor held $323 million in cash and equivalents as of June 30, 2021.
- Price Action: FTDR shares are trading higher by 1.96% at $44.66 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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