Hilton Worldwide Adds $3.5 Billion to Stock Buyback

Dow Jones11-14

By Colin Kellaher

Hilton Worldwide's board has added $3.5 billion to the hotel chain's share-repurchase program.

Hilton on Thursday said it is now authorized to buy back roughly $4.8 billion in stock.

The McLean, Va., company, which had nearly 243.8 million shares outstanding as of Oct. 18, sports a market capitalization of around $61.6 billion.

Hilton has shelled out more than $2.1 billion to buy back about 10.2 million shares during the first nine months of 2024.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 14, 2024 07:21 ET (12:21 GMT)

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