Taylor Morrison Extends and Increases Stock Repurchase Progr

Taylor Morrison Extends and Increases Stock Repurchase Program


Taylor Morrison Extends and Increases Stock Repurchase Program
Repurchase program will have $250 million in availability for repurchases through December 31, 2022
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SCOTTSDALE, Ariz., June 1, 2021 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) (the "Company") today announced that its Board of Directors has increased the amount available for repurchases under its stock repurchase program by up to $250 million of the Company's Common Stock.  Repurchases of the Company's Common Stock under the program will occur from time to time in open market purchases, privately negotiated transactions or other transactions through December 31, 2022. 
"The increase in our share repurchase authorization is a reflection of our commitment to creating long-term value through strategic capital allocation," said Chief Financial Officer Dave Cone. "Our strong outlook for operating cash flow has equipped us with flexibility to continue to invest in our business, drive further balance sheet deleveraging and return excess capital to shareholders via share repurchases."

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