Dollar Tree authorizes repurchases $1.5 billion of common stock
- October 7, 2011
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.”