Lowes Authorizes Additional $5 Billion to Buy Back Shares
March 20 2015 - 5:30PM
Dow Jones News
Lowes Cos. (LOW) has set aside an additional $5 billion to buy
back shares.
As of Jan. 30, the company had $2.4 billion available under a
previous authorization.
The retailer has benefited from a rebounding home-improvement
sector, a trend it expects to continue in 2015.
Shares, trading near all-time highs, edged up to $75.52 in
recent after-hours trading.
Through Wednesday's close, the stock had risen nearly 52% over
the past 12 months.
Write to Maria Armental at maria.armental@wsj.com
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