Victory Capital Holdings announced that its Board of Directors approved a new common stock repurchase program, authorizing the repurchase of up to $200 million of its Common Stock. This program is authorized through December 31, 2026.
This new authorization represents the largest share repurchase program in the company's history, following the completion of its prior $100 million authorization. The program provides flexibility for opportunistic capital allocation.
The company's capital allocation strategy aims to support increasing earnings and cash flow, while also rewarding shareholders through both share repurchases and dividends. This move reflects management's belief in the company's intrinsic value.
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.