Talen Energy Announces Increase in Share Repurchase Program Capacity
Talen Energy Corporation (TLN)
Company Research
Source: GlobeNewswire
HOUSTON, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, announced today that its board of directors has approved upsizing its previously announced share repurchase program, increasing remaining capacity to $1.25 billion. In October 2023, the board of directors approved a $300 million share repurchase program, which was subsequently upsized to $1 billion through December 31, 2025. To date, Talen has repurchased approximately 14% of its shares outstanding for a total of $931 million. Going forward, the Company is authorized to repurchase up to $1.25 billion of incremental outstanding common stock through the fourth quarter of 2026. “The further upsizing of our share repurchase program is a continued demonstration of our commitment to disciplined capital allocation, including prioritizing the return of capital to our shareholders,” said Mac McFarland, President and C
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TLN
Sec Filings
- 9/5/24 - Form 8-K
- 7/12/24 - Form 4
- TLN's page on the SEC website