While dividend payments are perhaps the most common way to return cash to shareholders, there are advantages to stock buybacksirectly boost share prices. The main goal of any share repurchase program is to deliver a higher share price. ...Tax efficiency. ...More flexibility than dividends. ...Offset dilution. Mayne Pharma (MYX) announces an on-market share buyback program for up to 10 per cent of the company’s issued capitalMYX recently sold its retail generics portfolio as part of its transformation strategy to refocus the brand on the US women’s healthcare and dermatology marketsMayne Pharma CEO Shawn Patrick O’Brien says the past seven months have been a period of significant change for the companyMYX’s dermatology portfolio is a top 10 US product by revenue
MYX Price at posting:
$3.47 Sentiment: Buy Disclosure: Held
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irectly boost share prices. The main goal of any share repurchase program is to deliver a higher share price. ...Tax efficiency. ...More flexibility than dividends. ...Offset dilution.
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