JBL - Jabil announces new $1B share repurchase authorization

Jabil (JBL) authorized a share repurchase program of up to $1B in common stock.The repurchase amount represents 12% of the company's current market value of $8.23B as of July 22, 2021.The shares will be repurchased from time-to-time through fiscal year 2023 using various methods, including in the open market. Since 2016, the company has returned approximately $2 billion to shareholders through both share repurchases and dividends. “The Jabil team continues to deliver strong results as we focus on best-in-class financial targets at scale. We look forward to sharing more detail, including our outlook for FY22, during our fourth annual investor briefing in September,” said CEO Mark Mondello. Source: Press Release

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Jabil announces new $1B share repurchase authorization