Victory Capital Rewards Investors With $200M Share Repurchase Plan

Core Insights - Victory Capital Holdings, Inc. (VCTR) has announced its largest share repurchase program, authorizing up to $200 million in buybacks through December 31, 2026, which reflects the company's strategy to manage capital and enhance shareholder returns [8][10] - The company has a strong history of dividend payments, having increased its dividend 12 times in the last five years, with a current dividend yield of 2.8$62.59 as of December 19, 2024 [2][9] - VCTR's shares have outperformed the industry, gaining 29.4% over the past six months compared to the industry's growth of 24.3% [10] Share Repurchase Program - The new repurchase program follows the completion of a previous $100 million repurchase program announced in December 2023, which was completed ahead of its deadline [1] - The authorization for the new program is effective immediately and will continue through December 31, 2026, allowing the company to remain flexible and opportunistic with its capital [4][10] Dividend Distribution Activities - In November 2024, VCTR announced a 7% increase in its quarterly dividend, raising it to 44 cents per share, with the payout scheduled for December 23 to shareholders of record as of December 9, 2024 [9] Price Performance and Zacks Rank - VCTR currently holds a Zacks Rank 2 (Buy), indicating positive market sentiment towards the stock [3] Future Outlook - Supported by strong cash flow and earnings, VCTR is expected to continue efficient capital distribution activities, which will help drive investor confidence in the stock [11]