GNC Holdings increases share repurchase authorization to $500M GNC Holdings announced its board has authorized a multi-year program to repurchase up to an aggregate $500M of the company's class A common stock. The authorization is effective immediately, and replaces the company's previous authorization which had approximately $250M remaining. The company may finance any repurchases with cash, potential financing transactions, or a combination of the foregoing. The repurchases are expected to take place over the next 24 months with the amount and timing determined by the company based on its financial condition, business opportunities and the market conditions at the time.
GNC Holdings increases dividend 11.1% to 20c GNC Holdingsdeclared the quarterly cash dividend for Q1 of 20c per share of the company's common stock, representing an 11.1% increase over its prior quarterly dividend. The dividend will be paid on or about March 25 to stockholders of record as of the close of business on March 11.