Frontdoor Rewards Shareholders With Buyback Plan

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.