TLC Vision (Nasdaq: TLCV) announced board approval to buy back approximately 30% of shares outstanding. The 35 day program is expected to commence in early May.
PAYOUT YIELD ANALYSIS
If the company completes the $125 million program and with 69 million shares outstanding, the repurchase program will result in a Total Payout of $1.81 over the next 4 quarters. At $6 per share, the Total Payout Yield is projected to be 30.1%.
- Payout Yield Staff