Dingdong Adopts $30M Share Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

December 20, 2021 7:57 AM | 1 min read |

Dingdong (Cayman) Ltd DDL Board of Directors has authorized a share repurchase program of up to $30.0 million of its shares over a period until December 19, 2022.
The proposed repurchases may be made from time to time on the open market at prevailing market prices.
The company's Board will review the share repurchase program periodically and may authorize adjustment of its terms and size.
Dingdong held $1.06 billion in cash and equivalents as of September 30, 2021.
Price Action: DDL shares closed lower by 0.15% at $13.48 on Friday.

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