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home / news releases / GNW - Genworth Financial announces $350M stock buyback program

GNW - Genworth Financial announces $350M stock buyback program

Genworth Financial Inc
Genworth Financial (NYSE:GNW) on Monday announced a $350M share repurchase program. Repurchases would be funded from holding company capital and future cash flow generation, including expected future dividends from GNW's ownership in Enact (ACT). GNW expects the majority of share buybacks to occur after it repays its remaining 2024 debt. The program has no expiration date and may be modified, suspended or terminated at any time. This announcement marks the first authorization to return capital to shareholders in over 13 years, CEO Tom McInerney said in a statement.

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Genworth Financial announces $350M stock buyback program
Stock Information
Company Name: Genworth Financial Inc
Stock Symbol: GNW
Market: NYSE
Website: genworth.com
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