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Benzinga

Business

Shivani Kumaresan

Lakeland Industries Adopts $5M Stock Buyback Program

LAKE (Organization) Lakeland (Organization) Nasdaq

Lakeland Industries Inc (NASDAQ:LAKE) Board of Directors has authorized a new stock repurchase program of up to $5 million of its shares.
This new program will be effective after completing the current program, which has about $0.8 million remaining for repurchases.
The new share repurchase program has no expiration date.
Lakeland held $55.5 million in cash and equivalents as of October 31, 2021.
Price Action: LAKE shares are trading higher by 0.37% at $18.75 on the last check Wednesday.

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