NetApp Authorizes Additional $1 Billion Stock Repurchase Program
Investing.com
Published Mar 22, 2022 05:26PM ET
Updated Mar 22, 2022 05:58PM ET
NetApp (NTAP) Authorizes Additional $1 Billion Stock Repurchase Program
NetApp, Inc. (NASDAQ:NTAP) made an announcement today, according to which its Board of Directors had authorized a stock repurchase program of up to an additional $1 billion of the companys common stock.
The program, approved on March 17, has no expiration date, and stock repurchases may be implemented through open market repurchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.
In its latest quarter (Q3), NetApp returned $236 million to shareholders in share repurchases and cash dividends.
By Davit Kirakosyan
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Written By: Investing.com
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