Victory Capital (VCTR) Announces New $15M Share Repurchase Authorization
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Victory Capital Announces New Share Repurchase Authorization
December 21, 2021 8:00 AM ESTSAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (Victory Capital or the Company) today announced that its Board of Directors has approved a new common stock repurchase program authorizing the repurchase of up to $15 million of its Common Stock through December 31, 2023.
The primary use of our free cashflow remains supporting growth initiatives such as funding strategic acquisitions and reducing debt to enhance balance sheet flexibility, said David Brown, Chairman and Chief Executive Officer. Given our ability to generate strong cashflow, we can continue returning capital to shareholders via share repurchases and cash dividends, while... More
