Prudential Financial Board Approves $2 Billion Stock Buyback for 2020
December 19 2019 - 8:25AM
Dow Jones News
By Colin Kellaher
Prudential Financial, Inc. (PRU) on Thursday said its board
authorized the repurchase of up to $2 billion of common stock next
year.
The Newark, N.J., financial-services company has about 402
million shares outstanding and a market capitalization of roughly
$38.3 billion based on Wednesday's closing price of $95.27.
Prudential's board's in September raised its 2019 buyback
authorization by $500 million to $2.5 billion, and the company
previously said it expected to fully use the increased
authorization by the end of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 19, 2019 08:10 ET (13:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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