Prudential Financial Board Approves $2 Billion Stock Buyback for 2020

Date : 12/19/2019 @ 1:25PM
Source : Dow Jones News
Stock : Prudential Financial Inc (PRU)
Quote : 92.6  -1.18 (-1.26%) @ 1:00AM
After Hours
Last Trade
Last $ 92.60 ◊ 0.00 (0.00%)

Prudential Financial Board Approves $2 Billion Stock Buyback for 2020

Prudential Financial (NYSE:PRU)
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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


(END) Dow Jones Newswires

December 19, 2019 08:10 ET (13:10 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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