Boston Omaha Authorizes $30M Share Repurchase Program
Boston Omaha Corporation (NYSE:BOC) has authorized a new share repurchase program of up to $30 million, effective November 1, 2026. This replaces the previous authorization under which approximately $21 million had already been spent by September 10. The move is part of capital allocation strategy ahead of its pending sale of General Indemnity Group LLC to CopperPoint Insurance Company for around $84.3 million, expected in late 2026. The company reported unrestricted cash and investments totaling $31.8 million as of June 30, raising concerns about whether it can fund the buyback without relying on proceeds from the insurance sale. The repurchase program is flexible, with no minimum requirement and a two-year expiration period ending December 31, 2027. The company’s first-half operating cash flow improved to $10.1 million compared to $8.2 million in the prior year but was still outpaced by capital expenditures of $11.8 million.
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