Callaway Golf Company has announced that it plans to buy back up to $100 million dollars of common stock on the open market.
The Company will assess market conditions and buying opportunities from time to time and will make strategic repurchases as appropriate. The repurchases will be made consistent with the terms of the Company’s credit facility which defines the amount of stock that can be repurchased in any one year.
The board of directors also mentioned a $.07 dividend payable July 5, 2007. Happy 5th of July stockholders.
[Link: Canada NewsWire]
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