Saturday, August 18, 2018 4:05:00 PM
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VTNL Volume Brewing
Share Buyback Plans
Buoyed by the rate at which the company is growing on the sales front, the management team has announced plans to buy back some of the company’s shares in circulation. In January and February, the company received purchase orders worth $529,790 and $245,000 which have positioned it in a strong financial position to carry out the buybacks.
The buyback seeks to return value to shareholders while also reducing dilution on the stock. Vet Online Supplies is also using the buyback to strategically position itself on a possible listing on the New York Stock Exchange.
“Dividend stocks are inflation resistant because as prices rise the profits of a company rise as well. Dividends are based on company profits, and we want our shareholders to benefit and support Vet Online Supply. We are approaching our revenue target sooner than anticipated, and this will assist us in expediting our plan, according to management,” said
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