December 11, 2024 marked an exciting development for Archer Daniels Midland (ADM) shareholders, as the company’s Board of Directors announced an extension of its share repurchase program. This decision, which expands the authorization to repurchase up to 300,000,000 shares through December 31, 2029, is a testament to ADM’s ongoing commitment to returning value to its shareholders. Program Details The original share repurchase program, initiated in 2015, authorized the buyback of 100,000,000 shares over five years. In 2019, this program was expanded to 200,000,000 shares and extended through the end of 2024. With this latest extension, the Board has added another 100,000,000 shares to the authorization, bringing the total to 300,000,000 shares. Of these, 114,764,049 shares remain available for repurchase, providing ADM with ample flexibility to execute buybacks strategically.
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