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- Prudential plc (NYSE:PUK) plans to buy back $2 billion of stock by the middle of 2026, the financial-services and insurance company said Sunday.
- “Progress towards our financial objectives will increase the potential for further cash returns to shareholders,” Anil Wadhwani, chief executive of Prudential (PUK) said in a statement. “Our dividend policy remains unchanged, with the Board continuing to expect the 2024 annual dividend to grow in the range of 7%-9%.”
- Shares will be repurchased through the London Stock Exchange or other venues, and are expected to be canceled. In addition, Prudential (PUK) plans to work neutralize the dilutive effects of the buyback on the Hong Kong Stock Exchange.