- Jackson Financial's ( NYSE: JXN ) board authorized an increase of $450M to the company's existing stock buyback program , bringing the firm's total repurchase authorization to $540M, it said Tuesday.
- The company's board also declared a cash dividend of $0.62 per share for Q1 2023, up from its previous dividend of $0.55 per share.
- JXN shares dropped 5.1% in after-hours trading after the company posted lower-than-expected Q4 revenue .
- Jackson Financial ( JXN ) may buy shares through open market purchases, unsolicited or solicited privately negotiated transactions, or in ways and at such times as management determines are in compliance with applicable legal requirements. Management may also amend or terminate the program at any time.
- SA contributor Ian Bezek says Jackson Financial ( JXN ) isn't quite as cheap as it seems.
For further details see:
Jackson Financial boosts stock buyback program by $450M, increases dividend