- CSX (NASDAQ:CSX) approves a boost in its buyback firepower to $5B.
- "The CSX Board of Directors has confidence in the quality of our franchise and our long-term prospects. The share repurchase program increase to $5 billion that the CSX board has authorized is a demonstration of this confidence," says CSX CEO James Foote.
- Management expects to complete the $5B share repurchase program by the end of the first quarter of 2019.
- Looking ahead, CSX shareholders should mark down March 1 as an important date, with CSX execs due to present at an investor conference.
- CSX +1.218% premarket to $51.51.
- Source: Press Release