Repurchase Calculator = ~90,000 Per Day$135M ÷ $7/unit = 19.28M / $7 per unit = 87,700 units a day. Roughly 90,000 per day
This is a lot of buying pressure.
SPB generates around $1.50 cash flow, with most cash coming in Q4 and Q1. It is trading around 4x free cash flow plus it's growing.
"Separately, our decision to redirect 75% of our annual dividend payments, approximately C$135 million, to share repurchases will enhance per-share value and significantly increase our financial flexibility in the long term. This approach gives us greater ability to accelerate de-leveraging and fund investment opportunities when the time is right. We’re confident these steps will create lasting value for shareholders," MacDonald continued.