Pre-Paid Legal Services Announce Stock Repurchase
During 2007, we have returned $13.6 million to shareholders through the repurchase of 320,672 shares of common stock, at an average per share price of $42.37. Pursuant to the repurchase program originally announced on April 6, 1999, we have returned $309.6 million to shareholders through the purchase of 11.7 million shares, average price of $26.47 per share, and $17.1 million in dividends for a combined total of $326.6 million representing more than 115 percent of our net earnings during the same timeframe. We have reduced the number of shares outstanding by approximately 43% from 23.7 million at March 31, 1999 to approximately 13.4 million today. Purchases pursuant to the new repurchase authorization will be made at prices that we consider attractive. We expect to continue purchases after our 2007 first quarter earnings conference call scheduled for April 25, 2007. No time limit has been set for completion of the additional share repurchases.
Related News
-
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 Oklahoma City, April 7-9 with an ambitious agenda that focuses on both the future of the company and its history as a pioneer ... Read More...Finkelstein Thompson LLP Announces Investigation of Pre-Paid Legal Services
WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Pre-Paid Legal Services, Inc. ("Pre-Paid Legal" or the "Company") (NYSE:PPD) concerning the proposed acquisition of the Company by MidOcean Partners. Under the terms of the offer, Pre... Read More...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 additional subpoena from the SEC on April 13, 2010. The subpoena requests us to provide documents relating to certain membersh... Read More...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 customers, CEO Harland C. Stonecipher's resignation, and other issues.Replacing the 71 year old Mr. Stonecipher are two ... Read More...
