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An update from Ovintiv ( (OVV) ) is now available.
Ovintiv Inc. has announced the renewal of its share buy-back program, having received approval from the Toronto Stock Exchange to repurchase up to 25,920,545 common shares over the next year, starting October 3, 2024. This move aligns with the company’s commitment to return at least 50 percent of its Non-GAAP Free Cash Flow to shareholders post base dividend. The buy-back will be conducted through various markets, including the TSX and NYSE, subject to daily purchasing limits and regulatory compliance. Purchases may result in shares being cancelled or kept as unissued treasury shares.
For a thorough assessment of OVV stock, go to TipRanks’ Stock Analysis page.