- Keuring Dr Pepper Inc KDP Board of Directors has authorized a share repurchase program of up to $4 billion of outstanding common stock.
- The buyback program is effective for four years, beginning on January 1, 2022, and expiring on December 31, 2025.
- The approval represents about 8% of the company's outstanding common stock based on the closing price on September 29, 2021.
- The company held $167 million in cash and equivalents as of June 30, 2021.
- Price Action: KDP shares are trading lower by 2.37% at $33.35 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
