Open market stock repurchases, wherein the company systematically is a buyer of its own shares in the public financial markets, have become a popular strategy of large public companies to add value to shareholders. This strategy has the benefit of not locking the company into paying a higher dividend - more flexibility. The strategy reduces the number of shares outstanding, and therefore contributes to the growth in the Earnings Per Share (EPS) of the company, and should benefit the shareholders by increasing the market price per share of the stock. True False