Dollar Tree authorizes repurchases $1.5 billion of common stock
October 07, 2011 3:03 PMDollar 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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