Southwestern Buying Back $1 Billion of Stock Shares by End 2023

The board of directors at Southwestern Energy Company voted to authorize the company to buy back $1 billion of its own stock. The buyback program will run from now until the end of 2023. The aim of stock buyback programs, as well as dividends, is to put more money into the pockets of investors. In the case of a stock buyback, each outstanding share (after the buyback) becomes a little more valuable. Southwestern is attempting to make its stock attractive for investors. This morning SWN share prices were trading around $6.91, up 47% year-to-date. On June 1 it was higher--trading at $9.64.

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