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MasterBrand Announces Additional $50 Million Share Repurchase Authorization

1. MasterBrand authorized a $50 million share repurchase, enhancing shareholder value. 2. This program extends until March 2028 and adds to previous buyback authorizations.

Shares Buyback
+2.91%Current Return
VS
-1.06%S&P 500
$13.3903/17 04:15 PM EDTEvent Start
$13.7803/18 10:55 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks typically increase stock prices by reducing supply. Past buybacks at similar companies led to price appreciations.

How important is it?

The buyback reflects confidence in the company's future, potentially attracting more investors.

Why Long Term?

Share repurchase programs generally have a prolonged positive effect on share prices due to perceived company strength.

Related Companies

APOCARRMWA
BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced that its Board of Directors has authorized a share repurchase program to buy back up to $50 million of the Company's outstanding common stock until March 13, 2028. This is in addition to the existing share repurchase authorization approved in April 2023, under which approximately $21 million remained available for repurc.

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