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(Reuters) -Australia's Santos Ltd announced an on-market share buyback worth up to $250 million on Wednesday as part of a new capital framework targeting higher shareholder returns amid surging commodity prices.
The new capital framework also includes a dividend policy of 10% to 30% of free cash flow, additional shareholder returns of at least 40% of incremental free cash flow in the form of additional share buybacks or dividends, the gas producer said.
Oil and gas prices, already at strong le...
>>> Read more: Australia's Santos announces $250 million share buyback, targets higher returns
The new capital framework also includes a dividend policy of 10% to 30% of free cash flow, additional shareholder returns of at least 40% of incremental free cash flow in the form of additional share buybacks or dividends, the gas producer said.
Oil and gas prices, already at strong le...
>>> Read more: Australia's Santos announces $250 million share buyback, targets higher returns
