Genworth Financial Announces Additional $500M Buyback Plan
Genworth Financial, Inc. (NYSE: GNW) today announced that its Board of Directors authorized an additional $500 million for the repurchase of shares of the company’s common stock under its existing share repurchase
Genworth Financial's leaders decided to buy back $500 million of their own company's shares—a sign they think the company is worth the money. When companies do this, it can mean they're confident about the future, so watch whether the stock price and business results stay strong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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