Treasury Stock is the portion of shares that the company keeps inside their own treasury. Treasury stock could possibly have come from some sort of repurchase or buyback by shareholders; or it could possibly have never been issued to the public initially. These shares don’t pay dividends, don’t have a voting rights, and mustn’t be included in gives you outstanding calculations. A treasury stock is the stock which can be bought back with the issuing company, reducing the volume of outstanding stock about the open market.
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