Butterfield in $125m share buyback plan

Pedro Gonçalves
clock • 1 min read

Butterfield Bank's board of directors has approved a new $125m share repurchase programme. The programme, which was announced in a filing with the Bermuda Stock Exchange, will enable the bank to buy back up to 3.5 million of its own common shares through February 28, 2021. Michael Collins, chairman and chief executive officer said: "Having the flexibility to repurchase shares is an important aspect of our capital management strategy, complementing our quarterly cash dividend payments and maintaining the ability to support organic growth and make strategic acquisitions in our core mark...

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