Home business company profiles reviews & industry history since 1999

Pre-Paid Legal Authorizes Stock Repurchase


Pre-Paid Legal Services Inc. (PPD: News ) said its Board authorized an additional repurchase of 1 million shares, as it has purchased virtually all of our previously announced stock repurchase authorizations totaling 15 million shares. We will make purchases at prices we consider attractive. The company has not set a time limit for completion of the additional share repurchases.

During the fourth quarter through November 30, 2009, the company returned $28.8 million to shareholders through the repurchase of 722,022 shares of common stock, at an average per share price of $39.89. Since April 1999, we have returned $450.8 million to shareholders through the purchase of 14.9 million shares, average price of $30.21 per share, and $17.1 million in dividends for a combined total of $467.9 million representing more than 100% of our net earnings during the same timeframe.

More PRE PAID LEGAL SERVICES news

Pre-Paid Legal Shareholders Approve Merger

Pre-Paid Legal Services, Inc. announced that Pre-Paid's shareholders adopted the previously announced merger agreement, dated January 30, 2011, among Pre-Paid, MidOcean PPL...

Pre Paid Legal To Host Convention

Following the recent announcement of the proposed merger acquisition by MidOcean Partners, Pre-Paid Legal Services, Inc. will march into the 2011 International Convention in...

Pre-Paid Legal Announces Update on SEC Subpoena

Pre-Paid Legal Services, Inc.announced that, as a part of an ongoing inquiry by the Division of Enforcement of the Securities and Exchange Commission ("SEC"), we received an...

Pre-Paid Legal documents subpoenaed by SEC

In an April 15, 2010 article by The Associated Press, Pre-Paid Legal has been subpoenaed by the Securities and Exchange Commission to produce documents related to complaints by...