Facebook Twitter LinkedIn Google Plus RSS

NJR increases share repurchase, will buy back another 1 million

By ,

Wall-based New Jersey Resources announced on Wednesday that its board has authorized it will add 1 million shares to its repurchase program.

The number of authorized shares has been increased a total of seven times, including today's announcement, to a current level of 9.75 million shares. To date, 8 million shares have been repurchased under the program.

The program has been in place since 1996 as a means of providing the company with capital management flexibility.

More From This Industry

Write to the Editorial Department at editorial@njbiz.com

Related Stories

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!