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- 23.12.2015 - Nike is launching a new share buyback program
23.12.2015 - Nike is launching a new share buyback program
The American company Nike, which is the leader in sportswear, shoes and accessories market said about the next program of repurchase of shares worth 12 billion dollars. In addition, before the end of 2016 the company plans to complete the previous buy-back program of 8 billion dollars. According to the company, over the last 14 years Nike has returned 23 billion dollars to shareholders in the form of repurchase and dividends. Given the growth of the company's market and a steady improvement in financial results, we expect a further increase in prices by 35-40% per year.