The Academy Sports + Outdoors, Inc. Board of Directors has approved a new share repurchase program authorizing the company to repurchase up to $700 million of its outstanding common stock.
This new share repurchase program replaces the preceding share repurchase program, of which $423 million remained as of the end of the third quarter of fiscal 2024 and is effective as of December 4, 2024, for a period of three years.
The company also announced that its Board of Directors approved the declaration of a quarterly cash dividend of 11 cents per share of the company’s common stock for the fiscal quarter ended November 2, 2024. The dividend is payable on January 15, 2025, to stockholders of record as of the close of business on December 18, 2024.
Image courtesy Academy Sports + Outdoors, Inc.
