Verizon Communications Inc. Buyback
OLI recorded this information on 3/3/2017
Verizon Communications Inc.
Share Amount Authorized:
Also today, Verizon's Board authorized the corporation to repurchase up to 100 million shares of its common stock. Verizon's previous program, which expired on Feb. 28, 2017, also had authorized the repurchase of 100 million shares. Under the prior authorization, 2.8 million shares were repurchased. The new program will terminate when the aggregate number of shares purchased reaches 100 million, or at the close of business on Feb. 28, 2020, whichever is sooner.
Verizon Communications is a holding company. Through its subsidiaries, Co. provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Co. has two reportable segments: Verizon Consumer Group, which provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements; and Verizon Business Group, which provides wireless and wireline communications services and products, including data, video and data conferencing services, security and managed network services, local and long distance voice services and network access.
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Buy (2.94 out of 4)