MUFG Announces Progress in Share Buyback Plan
Company Announcements

MUFG Announces Progress in Share Buyback Plan

Mitsubishi UFJ (MUFG) has released an update.

Mitsubishi UFJ Financial Group, Inc. (MUFG) has disclosed the progress of its stock repurchase program, revealing the buyback of 25.6 million shares for a total cost of ¥40.2 billion, executed between May 16 and May 31, 2024. The move is part of a larger buyback plan, announced by MUFG’s Board of Directors, targeting up to 80 million shares representing 0.68% of its outstanding shares, with a maximum expenditure of ¥100 billion set to conclude by the end of June 2024. This strategic initiative underscores MUFG’s commitment to enhancing shareholder value and is a significant activity for investors keeping an eye on the company’s stock performance.

For further insights into MUFG stock, check out TipRanks’ Stock Analysis page.

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