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Dollar Tree authorizes repurchases $1.5 billion of common stock

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Dollar Tree Inc. announced Friday that it will repurchase an additional $1.5 billion of its common stock.

The company has spent more than $1.9 billion to repurchase its shares since 2003.

“Dollar Tree continues to demonstrate the ability to self-fund growth while generating substantial free cash,” President and CEO Bob Sasser said in a statement. “The new share repurchase authorization reflects our commitment to build value for long-term shareholders and our confidence in the future.”

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