ArcelorMittal (NYSE:MT) is one of the best stocks to invest in under $100. On June 30, ArcelorMittal announced the completion of the first tranche of its 2025 to 2030 share buyback program, which saw the repurchase of 10 million shares at an average price of €49.32. These shares are currently held in treasury and are slated for future cancellation.
ArcelorMittal (NYSE:MT) simultaneously confirmed the immediate commencement of a second tranche, authorizing the repurchase of up to an additional 10 million shares. This move follows the mandate granted by shareholders during the annual general meeting held in May 2025.
Future share repurchases will continue in periodic tranches through May 2030, contingent upon market conditions, shareholder authorization, and the generation of post-dividend free cash flow. The program aims to reduce the company's total share capital while meeting obligations related to employee share schemes.
Pixabay/Public Domain
ArcelorMittal (NYSE:MT) is a premier global steel and mining company operating in 60 countries, committed to producing sustainable, high-quality steel for diverse industries. The company leverages innovative, low-carbon processes to support the global transition toward a greener future.
ArcelorMittal (NYSE:MT) simultaneously confirmed the immediate commencement of a second tranche, authorizing the repurchase of up to an additional 10 million shares. This move follows the mandate granted by shareholders during the annual general meeting held in May 2025.
Future share repurchases will continue in periodic tranches through May 2030, contingent upon market conditions, shareholder authorization, and the generation of post-dividend free cash flow. The program aims to reduce the company's total share capital while meeting obligations related to employee share schemes.
Pixabay/Public Domain
ArcelorMittal (NYSE:MT) is a premier global steel and mining company operating in 60 countries, committed to producing sustainable, high-quality steel for diverse industries. The company leverages innovative, low-carbon processes to support the global transition toward a greener future.
4 months ago
