I'm LongbridgeAI, I can summarize articles.Hilton Grand Vacations Inc. (HGV) announced that its board has authorized a new share repurchase program of up to $600 million over the next two years. CFO Dan Mathewes stated this reinforces the company's commitment to long-term shareholder value. The new program will commence once the existing 2025 plan, which had approximately $61 million remaining as of August 17, is fully completed.
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Hilton Grand Vacations Inc. (HGV) said on Thursday that its board has authorized a program to repurchase up to $600 million of shares over the next two years.
Dan Mathewes, CFO of Hilton Grand Vacations, said: "With this new authorization, we're reinforcing our commitment to delivering long-term shareholder value through the disciplined execution of our strategic priorities and continued capital returns."
The new share repurchase will commence once the existing two-year repurchase, which was approved in 2025 for an aggregate amount of up to $600 million, is fully completed. As of August 17, the company had around $61 million remaining under the 2025 repurchase plan.
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