Smith & Wesson Brands Inc. announced that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through December 14, 2021.
The amount and timing of any repurchases will depend on a number of factors, including price, trading volume, general market conditions, legal requirements, and other factors.
Mark Smith, CEO, stated, “Today’s authorization by our Board of Directors demonstrates our continued commitment to returning excess capital to our stockholders that was started in September when we announced our first-ever dividend.”
Photo courtesy Smith & Wesson
