London-listed Israeli broker Plus500 has just announced an extension of its ongoing share buyback program, adding another $110 million. This new allocation includes $35.4 million for an interim buyback and $74.6 million for a special buyback program.
In addition, the company will distribute $75.5 million in dividends to its shareholders, citing its strong financial position and cash-generating business model as key factors behind this decision.
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These moves follow a solid first half of the year, during which Plus500 generated $398.2 million in revenue.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.