Benzinga | Sep 13, 2021 03:48PM EDT

Betterware Plans $50M Stock Buyback Program

* Betterware De Mexico SAB De CV's (NASDAQ:BWMX) Board of Directors authorized the repurchase of up to $50 million of common stock.

* Betterware intends to have the stock repurchase plan in place until December 31, 2022.

* The company held MXN 520.1 million in cash and equivalents as of June 30, 2021.

* Price Action: BWMX shares are trading higher by 0.97% at $37.41 on the last check Monday.