March 10 (Reuters) - Bunge Global on Tuesday announced a new $3 billion share repurchase program and a target to return a minimum 50% of its discretionary cash flow to shareholders through dividends
Bunge boosts long‑term profit outlook, announces $3 billion share repurchase plan
Bunge's Financial Outlook and Shareholder Initiatives
Long-Term Earnings Projections
March 10 (Reuters) - Agribusiness company Bunge said on Tuesday it expects earnings to increase to at least $15 per share by 2030 and announced a new $3 billion share repurchase program.
Market Reaction
Shares of the company were up 2.3% at $121.50 in premarket trading.
Commitment to Shareholders
Earnings Baseline and Cash Flow Distribution
The company also set a mid-cycle earnings baseline of about $13 per share and pledged to return at least 50% of discretionary cash flow to shareholders through dividends and buybacks.
Previous Earnings Forecast
Last month, the company forecast 2026 adjusted earnings per share of $7.50 to $8.00.
(Reporting by Sumit Saha in Bengaluru; Editing by Shinjini Ganguli)
