Hilton Grand Vacations announces stock repurchase program

Barchart (11/28) carries an HGV press release announcing HGV’s board has approved a new buyback program for up to $200 million worth of shares. In a statement, HGV CEO Mark Wang said, “Given the positive trajectory of our business and flexibility provided by our new credit facility, we’re pleased to add share repurchases to our capital allocation priorities.” He added, “While investing in the growth of our business remains our top priority, we believe we also have the capacity to return capital to our shareholders and still maintain a strong balance sheet.” 

 

Additional coverage is provided by  Business Insider (11/28), the Bristol (VA) Herald Courier (11/28),  Global Banking & Finance Review (UK) (11/28), Customer Magazine (11/28), Finanzen (DEU) (11/28), the Florence (SC) Morning News (11/28), the Manchester (TN) Times (11/28), the Maryville (MO) Daily Forum (11/28), the Morristown (TN) Citizen Tribune (11/28), NASDAQ (11/28), Newbridge Securities Corporation (11/28), the Odessa (TX) American (11/28), the Orlando (FL) Business Journal (11/28), SNL Financial (11/28), the Somerset County (PA) Daily American (11/28), SPi World News (11/28, Ltd), the Tullahoma (TN) News and Guardian (11/28), the Valdosta (GA) Daily Times (11/28), Wall Street Online (DEU) (11/28), the Watertown (SD) Public Opinion (11/28), the Winchester (TN) Herald Chronicle (11/28), WorldNews (SWE) (11/28), WVNews (11/28) and Resort Trades (11/29).