Hilton Boosts Stock Buyback Plan
The Board of Directors of Hilton Worldwide Holdings Inc. has approved repurchasing an additional $3.5 billion in common stock as part of the Company’s existing stock repurchase program. This decision increases the total amount authorized for future repurchases to approximately $4.8 billion.
Hilton may buy shares in the open market, engage in privately negotiated transactions, or utilize other methods as determined by the company, including stock repurchase plans that comply with the rules and regulations set by the Securities and Exchange Commission (SEC). The amount and timing of any share repurchases under the stock repurchase program will be influenced by various factors, such as available liquidity, cash flow, and market conditions. It is important to note that the stock repurchase program does not require Hilton to repurchase a specific dollar amount or a certain number of shares of common stock. Additionally, the program can be suspended or discontinued at any time.
About Hilton
Hilton is a global hospitality company with a portfolio of 24 brands, more than 8,300 properties, and over 1.25 million rooms across 138 countries and territories. Committed to its founding vision of spreading the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its history of more than 100 years. The company was named the No. 1 World’s Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices for seven consecutive years.
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