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NorthEast Community Bancorp, Inc. Announces Third Stock Repurchase Program
Globenewswire· 2025-12-08 20:30
Core Points - NorthEast Community Bancorp, Inc. has authorized a third stock repurchase program to acquire up to 1,400,435 shares, representing 10% of the currently issued and outstanding common stock [1] - The previous stock repurchase program, announced on May 30, 2023, allowed for the purchase of up to 1,509,218 shares, of which 1,091,174 shares were repurchased at an average cost of $15.78 per share [2] - The new program allows for repurchases in open market transactions or privately negotiated transactions, following a trading plan in accordance with SEC Rule 10b5-1 [3] Program Details - The timing and actual number of shares repurchased will depend on various factors including price, corporate and regulatory requirements, market conditions, and corporate liquidity needs [4] - The stock repurchase program does not obligate the company to purchase any specific number of shares and may be extended, modified, or discontinued at any time [4] Company Overview - NorthEast Community Bancorp is headquartered in White Plains, New York, and is the holding company for NorthEast Community Bank, which operates eleven branch offices in New York and Massachusetts [5]
Lamar Announces Dividend Payout & Increase in Stock Repurchase Program
ZACKS· 2025-05-16 19:21
Core Points - Lamar Advertising (LAMR) has declared a quarterly cash dividend of $1.55 per share, payable on June 30, 2025, to shareholders of record as of June 19, 2025 [1] - The company anticipates total quarterly distributions to stockholders in 2025 to reach at least $6.20 per common share [1] Dividend Growth - Lamar has increased its dividend nine times over the past five years, showcasing a commitment to solid dividend payouts [2] - The five-year annualized dividend growth rate stands at 24.17%, indicating strong growth potential [2] Stock Repurchase Program - The company has completed $150 million in stock repurchases and has $100 million remaining under the current program [3] - An increase of $150 million to the stock repurchase program has been approved, raising the total available for repurchase to $250 million [3] Stock Performance - Over the past three months, shares of Lamar Advertising have decreased by 7.2%, while the industry has remained flat with a 0.0% change [4] Comparison with Other REITs - Other REITs with better rankings include CareTrust REIT (CTRE) and W.P. Carey (WPC), both currently rated as Zacks Rank 2 (Buy) [5] - The Zacks Consensus Estimate for CTRE's 2025 FFO per share is $1.78, reflecting an 18.7% year-over-year growth [6] - WPC's full-year FFO per share estimate is $4.88, indicating a 3.8% increase from the previous year [6]