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0 0 0.00275862068965524 0.00655172413793108 0.00310344827586206 0.00827586206896559 0.00344827586206901 0.0562068965517242
Stock impact report

KYNDRYL ANNOUNCES $300 MILLION SHARE REPURCHASE AUTHORIZATION [Yahoo! Finance]

Kyndryl Holdings, Inc. (KD) 
Company Research Source: Yahoo! Finance
that its Board of Directors has authorized a $300 million share repurchase program. "Our share repurchase authorization reflects the confidence we have in our business and our outlook for profitable growth," said Martin Schroeter , Kyndryl Chairman and Chief Executive Officer. "Our significant progress in expanding our margins and generating free cash flow is allowing us to begin returning capital to shareholders, while maintaining a prudent capital structure and flexibility to execute on our strategic initiatives." Under the share repurchase program, the Company may repurchase shares of its common stock from time to time in open market transactions and may also repurchase shares in accelerated share buyback programs, tender offers, privately negotiated transactions or by other means. Repurchases may also be made under a Rule 10b5-1 trading plan. The timing and amount of repurchase transactions will be determined by the Company's management based on its evaluation of market condit Show less Read more
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