MUFG - Mitsubishi UFJ Repurchases Shares Under 80M Buyback Plan | Benzinga
Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) announced progress on its previously announced share repurchase plan. The company repurchased 25,639,300 shares of its common stock at an aggregate price of ¥40.2 billion between May 16, 2024 and May 31, 2024.
The repurchases were carried out under the company's ¥100-billion share repurchase program announced on May 15, 2024. The plan allows MUFG to repurchase up to 80,000,000 shares, representing 0.68% of the total shares outstanding, excluding treasury stock.
Since May 2017, Mitsubishi UFJ has completed several share-repurchase programs, with an aim to strengthen investors' confidence in the stock. In line with this, in February 2024, MUFG repurchased 56,418,900 shares worth ¥73 billion.
Apart from the share repurchase program, MUFG also has ...