200K Shares Repurchased / Canceled in February 2024Small number for sure, but I'm good with it. Why? ARX did all the heavy lifting (125+Million Shares):
-In the teens, way below the current price
-Before the new tax on buybacks kicked in
-To me, this shows incredible foresight / discipline
Anything from here is gravy and displays a balanced approach to shareholder returns.
This low buback level strengthens my belief that we'll see a healthy dividiend increase in the near term.
Cheers and GLTA ARX Bulls.