Bread Financial Holdings, Inc. announced that its Board of Directors has authorized a new plan to repurchase up to $200 million of shares of its common stock. This new repurchase program does not have an expiration date, providing flexibility for execution.
Ralph Andretta, President and CEO of Bread Financial, stated that the company is well-positioned to execute against its capital priorities, which include responsible growth. This authorization reflects the company's robust financial health and its commitment to disciplined capital allocation.
This significant increase in the share repurchase authorization, following previous programs, underscores the company's focus on enhancing shareholder value. The repurchases will be subject to market conditions and regulatory considerations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.