Prudential (GB:PRU) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Prudential plc is set to initiate a share repurchase program to counterbalance the dilution from its scrip dividend and employee share issuance in 2024. This strategic move, involving the buyback of approximately 2.8 million ordinary shares, aims to enhance earnings per share and is deemed beneficial for shareholders. The program will be executed through Merrill Lynch International, with a budget of GBP 18.3 million, and further repurchases are planned for the future.
For further insights into GB:PRU stock, check out TipRanks’ Stock Analysis page.