Authorized shares

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Related to authorized stock: unissued capital stock

Authorized shares

Number of shares authorized for issuance by a firm's corporate charter.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Authorized Shares

The maximum number of shares a company is allowed to issue. Generally, the company's charter specifies the number of authorized shares, but shareholders can increase or decrease it according to procedures listed in the charter. Typically, the number of authorized shares is larger than the required amount in order to give a company the greatest amount of flexibility. Authorized shares are also called authorized capital stock or simply authorized stock.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The company repurchased the other 35,425 shares in open market transactions under its previously authorized stock repurchase program at a weighted average price of approximately USD 20.40 per share.
Leonard Hadley, chairman and chief executive, said Maytag intends to reacquire as much of the authorized stock as possible, consistent with sound financial judgment.
This amount is in addition to the $100M available at the end of the fourth quarter of Fiscal 2018 as part of a previously authorized stock repurchase program, bringing the Company's total current authorization to $1.1B.
"The newly authorized stock repurchase plan, the third in the last eighteen months, continues to provide us with an opportunistic and efficient tool to enhance shareholder value," Moty said in a prepared statement.
During the second quarter of fiscal 2010 Safeway purchased 9.5 million shares of common stock at a total cost of $185.8 million, leaving it about $900 million for further authorized stock repurchases.
During the second quarter Safeway purchased 3.4 million shares of common stock at a total cost of $120 million, leaving it with about $627 million for further authorized stock repurchases under the board's current plan.
M2 EQUITYBITES-March 11, 2013-RELM Wireless authorized stock buyback program(C)2013 M2 COMMUNICATIONS

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