Toyota Motor Corp. announced a ¥100 billion ($826 million) stock buyback on Wednesday, delivering on a promise to flexibly repurchase shares and pay out stable dividends to shareholders.
With Toyota shares trading more than 10% off recent highs, the Japanese automaker said it was taking the current stock price into account and being “more flexible” than ever in its implementation of buybacks, according to a statement to the Tokyo Stock Exchange.
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