United States Cellular Corp. (USM) announced that its board of directors approved a new stock repurchase authorization for the repurchase of up to 1.3 million shares per calendar year.
The company said the primary reason for the new authorization is to offset future dilution from benefit and compensation plans.
The new stock repurchase program enables the company to add shares not purchased in a given year to the number of shares that can be purchased in subsequent years and has no expiration date. It replaces the existing Limited Authorization, which will be terminated at the end of current year.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.